Union Colony Childrens Music Academy

Analysis

Union Colony Childrens Music Academy is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in June 2002, 24 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 July 2023, Union Colony Childrens Music Academy reported income of $129k and spending of $128k, spending 100% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $115k to $129k (+11%), an average of +11% a year. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Union Colony Childrens Music Academy sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within CO. Charities of a similar size with the same main cause include Buchanan Art Center Inc ($129k), Winter Film Awards Inc ($129k) and Chicago Dance Crash NFP ($129k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 17% and program service revenue 71% of the total. At year end it held assets of $83k against liabilities of $18k, net assets of $65k.