Music From Salem Inc

Analysis

Music From Salem Inc is a registered charity in United States, based in Cambridge, NY. It received its IRS tax-exemption ruling in September 1992, 34 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 September 2023, Music From Salem Inc reported income of $62k and spending of $66k, spending 106% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $78k to $62k (-21%), an average of -20% a year. The sharpest change came in the year to September 2023, when income dropped by 21%. Over the whole period it spent 99% 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 From Salem Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Oak Lawn Band Inc ($62k), Ufg Project ($62k) and Chinese Arts Alliance of Nashville ($62k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 18% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.