Fallbrook Music Society Inc

Analysis

Fallbrook Music Society Inc is a registered charity in United States, based in Fallbrook, CA. It received its IRS tax-exemption ruling in February 1979, 47 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 May 2024, Fallbrook Music Society Inc reported income of $150k and spending of $130k, spending 87% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $121k to $150k (+24%), an average of +5.5% a year. The sharpest change came in the year to May 2021, when income dropped by 45%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fallbrook Music Society Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Belvedere Series ($150k), Zanesville Concert Association Inc ($150k) and Ukrainian Culture Center Foundation Inc ($150k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 65% of the total. At year end it held assets of $352k against liabilities of $0, net assets of $352k.