Downtown Music at Grace Inc

Analysis

Downtown Music at Grace Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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 June 2024, Downtown Music at Grace Inc reported income of $134k and spending of $127k, spending 95% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $110k to $134k (+21%), an average of +10% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Downtown Music at Grace Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Amateur Athletic Union of the United States Inc ($134k), Western Springs Foundation for Education Excellence ($134k) and Moose Lake Area Hockey Association Inc ($134k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $48k against liabilities of $6,182, net assets of $42k.