Musical Masterworks Inc C/O Jem

Analysis

Musical Masterworks Inc C/O Jem is a registered charity in United States, based in Old Lyme, CT. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2024, Musical Masterworks Inc C/O Jem reported income of $394k and spending of $393k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $334k to $394k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income rose by 107%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Musical Masterworks Inc C/O Jem sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Little League Baseball Inc ($394k), Parent Booster USA Inc ($394k) and Pennock Center for Counseling ($394k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 21% of the total. At year end it held assets of $2.4m against liabilities of $72k, net assets of $2.3m. It reported 1 employees.