Notes for Notes Incorporated

Analysis

Notes for Notes Incorporated is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in October 2008, 18 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, Notes for Notes Incorporated reported income of $3.0m and spending of $2.8m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.0m (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Notes for Notes Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include The Womens Project & Productions ($3.0m), Longue Vue House and Gardens Corporation ($3.0m) and Stratford Hall ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $90k (3.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.1m against liabilities of $51k, net assets of $3.0m. It reported 41 employees.