Utah Federation of Music Clubs

Analysis

Utah Federation of Music Clubs is a registered charity in United States, based in Farr West, UT. It received its IRS tax-exemption ruling in August 1998, 28 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 June 2024, Utah Federation of Music Clubs reported income of $91k and spending of $74k, spending 80% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $71k to $91k (+28%), an average of +28% a year. The sharpest change came in the year to June 2024, when income rose by 28%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Utah Federation of Music Clubs sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within UT. Charities of a similar size with the same main cause include Da Poetry Lounge Co ($91k), Friends of Roots ($91k) and San Diego North Coast Singers ($91k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.