Flagstaff Friends of Traditional Music Incorporated

Analysis

Flagstaff Friends of Traditional Music Incorporated is a registered charity in United States, based in Flagstaff, AZ. It received its IRS tax-exemption ruling in August 2001, 25 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 January 2024, Flagstaff Friends of Traditional Music Incorporated reported income of $571k and spending of $549k, spending 96% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $424k to $571k (+34%), an average of +7.7% a year. The sharpest change came in the year to January 2022, when income rose by 930%. 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, Flagstaff Friends of Traditional Music Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within AZ. Charities of a similar size with the same main cause include Rocky Mountain Ballet Theatre ($571k), I Love Music Tour Inc ($571k) and Hiway Theatre Inc ($570k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 17% and program service revenue 80% of the total. At year end it held assets of $530k against liabilities of $0, net assets of $530k.