Musica Viva Inc

Analysis

Musica Viva Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2023, Musica Viva Inc reported income of $225k and spending of $193k, spending 86% of its income. Across the 2 years on record, from May 2022 to May 2023, income fell from $247k to $225k (-8.8%), an average of -8.8% a year. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Musica Viva Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include School Fuel ($225k), Colorado Literacy & Learning Center ($225k) and We Are Called to Care NFP ($225k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 85% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $37k (19% of expenses). At year end it held assets of $203k against liabilities of $8,128, net assets of $195k. It reported 2 employees.