Ferris Music Parents Association

Analysis

Ferris Music Parents Association is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Ferris Music Parents Association reported income of $246k and spending of $237k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $204k to $246k (+20%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ferris Music Parents Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include Volunteers of America Inc ($246k), Ladies of Charity of Chatanooga Inc ($246k) and Rho Chi Society ($246k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.