Spread the Music Foundation Inc

Analysis

Spread the Music Foundation Inc is a registered charity in United States, based in Grand Haven, MI. It received its IRS tax-exemption ruling in October 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spread the Music Foundation Inc reported income of $119k and spending of $119k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10k to $119k (+1063%), an average of +85% a year. The sharpest change came in the year to December 2021, when income rose by 643%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spread the Music Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Elgin Public Museum Incorporated ($119k), Erlang Ecosystem Foundation Inc ($119k) and Festival Music Society of Indiana ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 6.2% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.