Childrens Music Network Inc

Analysis

Childrens Music Network Inc is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in November 1991, 35 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, Childrens Music Network Inc reported income of $109k and spending of $127k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $109k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Music Network Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Chincoteague Island Arts Organization Inc ($109k), Artwise ($109k) and Western States Hostage Negotiators Association ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 53% of the total. At year end it held assets of $137k against liabilities of $2,025, net assets of $135k.