Music Mentors Inc

Analysis

Music Mentors Inc is a registered charity in United States, based in Mentor, OH. It received its IRS tax-exemption ruling in December 1974, 52 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 May 2024, Music Mentors Inc reported income of $68k and spending of $102k, spending 152% of what it took in. Across the 3 years on record, from May 2022 to May 2024, income grew from $44k to $68k (+55%), an average of +24% a year. The sharpest change came in the year to May 2024, when income rose by 25%. Over the whole period it spent 97% 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 Mentors Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within OH. Charities of a similar size with the same main cause include Soharmoniums Incorporated ($68k), Austin Tamil School ($68k) and McIntosh Art Association Inc ($68k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 0.7% and program service revenue 33% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.