Local 4 Music Fund Inc

Analysis

Local 4 Music Fund Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 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, Local 4 Music Fund Inc reported income of $250k and spending of $277k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $242k to $250k (+3.2%), an average of +3.2% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Local 4 Music Fund Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include Providence Clemens Housing Corporation ($250k), Zernona S Black Center ($250k) and Washington State Hospice and Palliative Care Organization ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $12k. At year end it held assets of $188k against liabilities of $15k, net assets of $173k. It reported 1 employees.