Give Music Inc

Analysis

Give Music Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in July 2021, 5 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 June 2024, Give Music Inc reported income of $356k and spending of $234k, leaving 34% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $76k to $356k (+369%), an average of +116% a year. The sharpest change came in the year to June 2023, when income rose by 343%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Give Music Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Composers Now Inc ($356k), Winston-Salem Mixxer Inc ($356k) and The Henry Miller Memorial Library ($355k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 120% of the total. Compensation of current officers, directors and key employees was $44k (19% of expenses). Other salaries and wages came to $68k. At year end it held assets of $279k against liabilities of -$50k, net assets of $328k. It reported 4 employees.