Joy of Music Program Inc

Analysis

Joy of Music Program Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in November 1989, 37 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Joy of Music Program Inc reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.3m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Joy of Music Program Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include American Ornithological Society ($1.3m), Project Mind a Project for the Development and Education of Child ($1.3m) and The Freebsd Foundation ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Other salaries and wages came to $752k. At year end it held assets of $3.9m against liabilities of $39k, net assets of $3.9m. It reported 49 employees.