Pasadena Pro Musica

Analysis

Pasadena Pro Musica is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in November 1981, 45 years ago. 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 June 2024, Pasadena Pro Musica reported income of $98k and spending of $80k, spending 82% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $83k to $98k (+19%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pasadena Pro Musica sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include East Hampton Veterans Association Inc ($98k), Emergency Nurses Association ($98k) and East Arkansas Community College Foundation Inc ($98k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 45% of the total. At year end it held assets of $399k against liabilities of $1,498, net assets of $397k.