Mima Music

Analysis

Mima Music is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in January 2005, 21 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, Mima Music reported income of $83k and spending of $82k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $83k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mima Music sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include Lapointe - Krebs Foundation Inc ($83k), Silent Wings Museum Foundation Inc ($83k) and Lebanon County Community Concert Assoc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 30% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.