Peninsula Musical Arts Association

Analysis

Peninsula Musical Arts Association is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in June 1999, 27 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Peninsula Musical Arts Association reported income of $57k and spending of $83k, spending 146% of what it took in. Across the 2 years on record, from July 2023 to July 2024, income fell from $73k to $57k (-22%), an average of -22% a year. The sharpest change came in the year to July 2024, when income dropped by 22%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peninsula Musical Arts Association sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Atlanta Civil War Round Table Inc ($57k), India Association of Long Island Inc ($57k) and Sweet Adelines International ($57k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 12% and program service revenue 86% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.