Music Maker Foundation Inc

Analysis

Music Maker Foundation Inc is a registered charity in United States, based in Hillsborough, NC. It received its IRS tax-exemption ruling in June 1996, 30 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 2023, Music Maker Foundation Inc reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.4m (+32%), an average of +7.3% a year. Over the whole period it spent 90% 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 Maker Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Tekeyan Cultural Association Inc ($1.4m), Spot Sun Valley Inc ($1.4m) and Red Bull Theater Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $199k (16% of expenses). Other salaries and wages came to $116k. At year end it held assets of $1.2m against liabilities of $92k, net assets of $1.2m. It reported 8 employees.