Shropshire Music Foundation

Analysis

Shropshire Music Foundation is a registered charity in United States, based in Kaysville, UT. It received its IRS tax-exemption ruling in March 2000, 26 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 December 2023, Shropshire Music Foundation reported income of $180k and spending of $184k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $180k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shropshire Music Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within UT. Charities of a similar size with the same main cause include Young Audiences of Eastern Pa Inc ($180k), Gretna Historical Society ($180k) and Rogue Valley Art Association ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $98k against liabilities of $6,203, net assets of $92k.