Friends of TMS Instrumental Music

Analysis

Friends of TMS Instrumental Music is a registered charity in United States, based in Placentia, CA. It received its IRS tax-exemption ruling in December 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, Friends of TMS Instrumental Music reported income of $67k and spending of $67k, spending 100% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $76k to $67k (-12%), an average of -6.2% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of TMS Instrumental Music sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Short Moments ($67k), Minnesota Professional Engineers Foundation ($67k) and Butterfield Family Association ($67k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $117 against liabilities of $0, net assets of $117.