Music Is Extraordinary Inc

Analysis

Music Is Extraordinary Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in October 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, Music Is Extraordinary Inc reported income of $755k and spending of $391k, leaving 48% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $296k to $755k (+155%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 136%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music Is Extraordinary Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Bishop Reverdy C & Emma S Ransom Foundation Inc ($755k), Sphere Institute ($755k) and Faith Center for the Arts a NJ Nonprofit Corporation ($755k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $83k (21% of expenses). Other salaries and wages came to $108k. At year end it held assets of $835k against liabilities of $4,240, net assets of $830k. It reported 16 employees.