Creative Music Foundation Inc

Analysis

Creative Music Foundation Inc is a registered charity in United States, based in Woodstock, NY. It received its IRS tax-exemption ruling in August 1974, 52 years ago. 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, Creative Music Foundation Inc reported income of $207k and spending of $205k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $168k to $207k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Creative Music Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Oak Ridge Civic Music Assoc Inc ($207k), Vetlife ($207k) and The Fuller Center for Housing of Merced County Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $92k (45% of expenses). Other salaries and wages came to $22k. At year end it held assets of $18k against liabilities of $12k, net assets of $6,742. It reported 4 employees.