Golden Valley Music Society Inc

Analysis

Golden Valley Music Society Inc is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in September 2005, 21 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, Golden Valley Music Society Inc reported income of $130k and spending of $144k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $130k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Golden Valley Music Society Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Arco Collaborative Inc ($130k), The 42nd Street Workshop Inc ($130k) and Sister Bay Historical Society Inc ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.