Wasatch Music Alliance

Analysis

Wasatch Music Alliance is a registered charity in United States, based in American Fork, UT. It received its IRS tax-exemption ruling in July 2021, 5 years ago. 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 December 2023, Wasatch Music Alliance reported income of $85k and spending of $66k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $85k (+123%), an average of +123% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wasatch Music Alliance sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within UT. Charities of a similar size with the same main cause include Ames Town and Gown Chamber Music Association ($85k), Friends of the Pima-Green Valley Library Inc ($85k) and Association of Fundraising Professionals ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. At year end it held assets of $64k against liabilities of $677, net assets of $63k.