Ladies Musical Club

Analysis

Ladies Musical Club is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1903, 123 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 December 2023, Ladies Musical Club reported income of $95k and spending of $186k, spending 196% of what it took in. Across the 6 years on record, from May 2019 to December 2023, income fell from $215k to $95k (-56%), an average of -15% a year. The sharpest change came in the year to May 2022, when income rose by 77%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ladies Musical Club sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within WA. Charities of a similar size with the same main cause include Marquette Area Blues Society ($95k), Civic Ballet of Southern California Inc ($95k) and Mariemont Players Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $56k (30% of expenses). Other salaries and wages came to $36k. At year end it held assets of $1.6m against liabilities of $1,736, net assets of $1.6m. It reported 3 employees.