Music From China Inc

Analysis

Music From China Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1987, 39 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 From China Inc reported income of $104k and spending of $111k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $134k to $104k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. 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, Music From China Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Historic Fourth Avenue Coalition ($103k), Alabama June Jam Inc ($104k) and Springfield to Boston Education TR ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $50k (45% of expenses). At year end it held assets of $245k against liabilities of $14k, net assets of $231k. It reported 3 employees.