Queen Bee Music Association

Analysis

Queen Bee Music Association is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Queen Bee Music Association reported income of $168k and spending of $162k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $168k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Queen Bee Music Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NM. Charities of a similar size with the same main cause include George Phar Legler Society Inc ($168k), Cape Cod Theatre Project Inc ($168k) and Center for Arts & Learning Inc ($168k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $43k against liabilities of $25k, net assets of $18k.