Mastervoices Inc

Analysis

Mastervoices Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1946, 80 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 June 2024, Mastervoices Inc reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.8m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mastervoices Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Playwrights Center Inc ($1.8m), National Mining Hall of Fame and Museum ($1.8m) and River Oaks Chamber Orchestra ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $349k (20% of expenses). Other salaries and wages came to $241k. At year end it held assets of $671k against liabilities of $180k, net assets of $492k. It reported 35 employees.