Golden Tones Inc

Analysis

Golden Tones Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in October 1996, 30 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, Golden Tones Inc reported income of $113k and spending of $113k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $169k to $113k (-33%), an average of -9.5% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Golden Tones Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Francis Hardy Gallery Inc of Door County ($113k), Tanner Gift of Music Trust ($113k) and The Juneau Symphony Foundation ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $60k (53% of expenses). At year end it held assets of $867k against liabilities of $0, net assets of $867k. It reported 1 employees.