Renovation in Music Education

Analysis

Renovation in Music Education is a registered charity in United States, based in Washington, DC. 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 December 2023, Renovation in Music Education reported income of $263k and spending of $329k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $299k to $263k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Renovation in Music Education sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 34th percentile within DC. Charities of a similar size with the same main cause include Border Crossing ($262k), Hilltown Youth Performing Arts Program Inc ($263k) and American Watercolor Society Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $119k (36% of expenses). Other salaries and wages came to $22k. At year end it held assets of $587k against liabilities of $12k, net assets of $574k. It reported 2 employees.