Palama Muziq Inc

Analysis

Palama Muziq Inc is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Palama Muziq Inc reported income of $226k and spending of $198k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $226k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palama Muziq Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Advent Hope Ventures Inc ($226k), Somali American Community ($226k) and Unfi Assist Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $95k. At year end it held assets of $54k against liabilities of $0, net assets of $54k.