Music Performance Trust Funds 2

Analysis

Music Performance Trust Funds 2 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 June 2023, Music Performance Trust Funds 2 reported income of $157k and spending of $288k, spending 184% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $200k to $157k (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2021, when income dropped by 29%. Over the whole period it spent 92% 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 Funds 2 sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Universal Music Center Inc ($157k), Borinquen Dance Theatre Inc ($157k) and Italian Community Center ($157k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $390k against liabilities of $0, net assets of $390k.