Music Associates of Aspen Inc

Analysis

Music Associates of Aspen Inc is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in March 1955, 71 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Music Associates of Aspen Inc reported income of $27.3m and spending of $21.7m, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $18.0m to $27.3m (+52%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 168%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music Associates of Aspen Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include National Minority Supplier Development Council Inc ($27.3m), Franklin County Historical Society ($27.4m) and San Diego Society of Natural History Balboa Park ($27.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $2.2m (10% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $116.9m against liabilities of $9.5m, net assets of $107.5m. It reported 158 employees.