Clay Music

Analysis

Clay Music is a registered charity in United States, based in Diamond Bar, CA. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Clay Music reported income of $187k and spending of $139k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $241k to $187k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Clay Music sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Mark Purkey Ministries Inc ($187k), First Congregational Church of Madison Foundation Inc ($187k) and Huong SEN Buddhist Temple ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $62k (45% of expenses). Other salaries and wages came to $19k. At year end it held assets of $433k against liabilities of $1,665, net assets of $431k. It reported 2 employees.