Annapolis Musicians Fund for Musicians Inc

Analysis

Annapolis Musicians Fund for Musicians Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Annapolis Musicians Fund for Musicians Inc reported income of $99k and spending of $71k, leaving 28% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $94k to $99k (+5.1%), an average of +5.1% a year. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Annapolis Musicians Fund for Musicians Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include Bloomer Area Food Pantry Inc ($99k), African Community Kalamazoo ($99k) and North East Wake Backpack Buddies ($99k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 108% of the total. At year end it held assets of $155k against liabilities of $0, net assets of $155k.