Music in the Center Inc

Analysis

Music in the Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2001, 25 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 in the Center Inc reported income of $95k and spending of $74k, leaving 23% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $102k to $95k (-6.9%), an average of -6.9% 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 in the Center Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Band Preservation Inc ($95k), Save Our Cemeteries Inc ($95k) and Meriden Antique Engine and Threshers Association Inc ($95k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.