Dana Music Club

Analysis

Dana Music Club is a registered charity in United States, based in Arcadia, CA. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Dana Music Club reported income of $82k and spending of $73k, spending 90% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $62k to $82k (+31%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dana Music Club sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Timberwolf Instrumental Music Boosters Northwood High School ($82k), Parent Booster USA Inc ($82k) and The Albany Education Foundation ($82k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 36% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.