Swallow Hill Music Association

Analysis

Swallow Hill Music Association is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1979, 47 years ago. 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, Swallow Hill Music Association reported income of $4.9m and spending of $5.6m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.6m to $4.9m (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2021, when income rose by 167%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Swallow Hill Music Association sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include American Business Immigration Coalition ($4.9m), Free Will Baptist Childrens Home Inc ($4.9m) and Toledo Classic Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $300k (5.4% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.2m against liabilities of $399k, net assets of $4.8m. It reported 110 employees.