BJ & Skips for the Music Foundation

Analysis

BJ & Skips for the Music Foundation is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in January 2006, 20 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 December 2023, BJ & Skips for the Music Foundation reported income of $87k and spending of $110k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $87k (+4.3%), an average of +4.3% a year. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, BJ & Skips for the Music Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within WA. Charities of a similar size with the same main cause include Spring Grove Area Historical Preservation Society ($87k), Theatre Company of Saugus Inc ($87k) and Mom Art Annex ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $304k against liabilities of $2,489, net assets of $301k.