Connecting Thru Music Inc

Analysis

Connecting Thru Music Inc is a registered charity in United States, based in Atlantic BCH, FL. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Connecting Thru Music Inc reported income of $83k and spending of $83k, spending 100% of its income. Across the 4 years on record, from June 2021 to June 2024, income fell from $237k to $83k (-65%), an average of -29% a year. The sharpest change came in the year to June 2024, when income dropped by 65%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connecting Thru Music Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Svenska Skolan ($83k), Vista Academy Foundation ($83k) and Inky Santas Toy Drive Inc ($83k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $5,500 (6.6% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1 employees.