Timeless Melodies Foundation for Education Inc

Analysis

Timeless Melodies Foundation for Education Inc is a registered charity in United States, based in Mission Viejo, CA. It received its IRS tax-exemption ruling in May 2004, 22 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 June 2024, Timeless Melodies Foundation for Education Inc reported income of $51k and spending of $56k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $44k to $51k (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Timeless Melodies Foundation for Education Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include Thotcon Infinity NFP ($51k), First Mayors House of Salinas City ($51k) and Music of Penn Alps Inc ($51k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $16k (28% of expenses). At year end it held assets of $77k against liabilities of $44, net assets of $77k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.