Music and Youth Initiative Inc

Analysis

Music and Youth Initiative Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in March 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 and Youth Initiative Inc reported income of $238k and spending of $173k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $346k to $238k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 89% 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 and Youth Initiative Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Massachusetts Institute for Psychoanalysis Inc ($238k), Boston Art Review Inc ($238k) and Iron Crow Theatre Company Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $571k against liabilities of $4,468, net assets of $567k.