Overview

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Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Institute of Musical Traditions Inc is a nonprofit organization dedicated to promoting and presenting folk music, with a focus on performing arts education and cultural enrichment. Operating with a budget of $89.1K and total revenue of $75.9K for the 2024 filing year, the organization does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at www.imtfolk.org.

Mission Statement

To promote and present folk music
Revenues
$75.9K
Expenses
$89.1K
Net Income:
-$13.3K
Assets
$103.4K
Liabilities
$6K
Net Assets:
+$97.4K
Operating Budget
$89.1K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$1.5K
Largest grant received
$1.5K
A
Arthur Shaw
Board Member
D
David Richardson
Board Member
L
Loralyn Coles
Employee

Frequently Asked Questions

What is INSTITUTE OF MUSICAL TRADITIONS INC’s budget?
In 2024, INSTITUTE OF MUSICAL TRADITIONS INC reported an annual operating budget of around $89 thousand. More detailed financial information is available to registered users.
What causes does INSTITUTE OF MUSICAL TRADITIONS INC support?
INSTITUTE OF MUSICAL TRADITIONS INC supports work in Performing arts education and Arts and culture.
Where does INSTITUTE OF MUSICAL TRADITIONS INC operate?
INSTITUTE OF MUSICAL TRADITIONS INC is headquartered in Silver Spring, MD.
Who funded INSTITUTE OF MUSICAL TRADITIONS INC recently?
In 2024, INSTITUTE OF MUSICAL TRADITIONS INC received grants from THE JERRY SCHUMAN FOUNDATION, ARTS AND HUMANITIES COUNCIL OF MONTGOMER, and ARTS AND HUMANITIES COUNCIL OF MONTGOMER. More information on this organization’s funders is available to registered users.
What is the largest grant INSTITUTE OF MUSICAL TRADITIONS INC received in 2024?
The largest grant to INSTITUTE OF MUSICAL TRADITIONS INC in 2024 exceeds $1,500.