Musicians Incorporated

Analysis

Musicians Incorporated is a registered charity in United States, based in Denham SPGS, LA. It received its IRS tax-exemption ruling in December 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 Incorporated reported income of $215k and spending of $269k, spending 125% of what it took in. The sharpest change came in the year to December 2021, when income rose by 208%. Over the whole period it spent 85% 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 Incorporated sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within LA. Charities of a similar size with the same main cause include Brick Studio RP Inc ($215k), Spirito ($215k) and Paradosi Christian Ballet ($215k).

Compensation of current officers, directors and key employees was $18k (6.7% of expenses). Other salaries and wages came to $69k. At year end it held assets of $298k against liabilities of $0, net assets of $298k. It reported 30 employees.