Frankly Music Inc

Analysis

Frankly Music Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Frankly Music Inc reported income of $147k and spending of $128k, spending 87% of its income. Across the 2 years on record, from August 2023 to August 2024, income grew from $108k to $147k (+36%), an average of +36% a year. The sharpest change came in the year to August 2024, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frankly Music Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within WI. Charities of a similar size with the same main cause include Chippewa Valley Symphony Foundation TR ($147k), Perennial Project ($147k) and St Lucie Community Theatre Inc ($147k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $82k against liabilities of $1,751, net assets of $80k.