Music Is Art

Analysis

Music Is Art is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in April 2006, 20 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, Music Is Art reported income of $244k and spending of $225k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $193k to $244k (+26%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music Is Art sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Wilhelm Reich Infant Trust ($244k), Venice Heritage Foundation ($244k) and Rawdance ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $71k (32% of expenses). Other salaries and wages came to $26k. At year end it held assets of $47k against liabilities of $38k, net assets of $8,959. It reported 2 employees.