Music Performance Trust Fund

Analysis

Music Performance Trust Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1950, 76 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 April 2024, Music Performance Trust Fund reported income of $5.9m and spending of $5.9m, spending 100% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $2.8m to $5.9m (+110%), an average of +16% a year. The sharpest change came in the year to April 2020, when income rose by 31%. Over the whole period it spent 75% 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 Performance Trust Fund sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Improve the News Foundation ($5.9m), American Vacuum Society Incorporated ($5.9m) and The New Childrens Museum ($5.9m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 0.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $361k (6.1% of expenses). Other salaries and wages came to $292k. At year end it held assets of $10.7m against liabilities of $19k, net assets of $10.7m. It reported 6 employees.