The Music Education Group Inc

Analysis

The Music Education Group Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2011, 15 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, The Music Education Group Inc reported income of $503k and spending of $284k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $237k to $503k (+112%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Music Education Group Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include Ensemble Music New Mexico ($502k), Doug Pensinger Photography Fund ($503k) and Friends of Music Hall ($502k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Other salaries and wages came to $72k. At year end it held assets of $317k against liabilities of $949, net assets of $316k. It reported 19 employees.