Villa Musica

Analysis

Villa Musica is a registered charity in United States, based in San Diego, 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 June 2023, Villa Musica reported income of $1.4m and spending of $1.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.4m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Villa Musica sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Friends of Arrow Rock ($1.4m), Colorado Springs Pioneers Museum ($1.4m) and Mission Bit ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $958k against liabilities of $222k, net assets of $735k. It reported 55 employees.