Music That Matters Inc

Analysis

Music That Matters Inc is a registered charity in United States, based in Appleton, WI. It received its IRS tax-exemption ruling in August 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, Music That Matters Inc reported income of $924k and spending of $850k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.8m to $924k (-89%), an average of -43% a year. The sharpest change came in the year to December 2020, when income dropped by 92%. Over the whole period it spent 32% 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 That Matters Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include Teatro Experimental Yerbabruja Inc ($924k), North Lakeland Discovery Center Inc ($924k) and Unicode Inc ($924k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $116k (14% of expenses). Other salaries and wages came to $406k. At year end it held assets of $1.6m against liabilities of $568k, net assets of $1.0m. It reported 7 employees.