Women in Music Inc

Analysis

Women in Music Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2014, 12 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, Women in Music Inc reported income of $519k and spending of $420k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $519k (+181%), an average of +181% a year. The sharpest change came in the year to December 2023, when income rose by 181%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Women in Music Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Scottish Fiddlers of California ($519k), Pardis for Children Inc ($519k) and Hattiesburg Civic Chorus & Concert Association Inc ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $26k (6.1% of expenses). At year end it held assets of $300k against liabilities of $0, net assets of $300k.