Friends of the Music Mansion Inc

Analysis

Friends of the Music Mansion Inc is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in February 2013, 13 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, Friends of the Music Mansion Inc reported income of $78k and spending of $61k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $78k (+10%), an average of +10% a year. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Music Mansion Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within RI. Charities of a similar size with the same main cause include The American Slovenian Polka Foundation ($78k), Pembina County Historical Society ($78k) and Airdance New Mexico Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $324k against liabilities of $745, net assets of $323k.