Musicians of Maalwyck Inc

Analysis

Musicians of Maalwyck Inc is a registered charity in United States, based in Scotia, NY. It received its IRS tax-exemption ruling in August 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Musicians of Maalwyck Inc reported income of $97k and spending of $98k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $104k to $97k (-6.7%), an average of -6.7% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musicians of Maalwyck Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Gibson County Theatre Company Inc ($97k), Indian Association of the Space Coast Inc ($97k) and All Good Studio Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.