Richard Tucker Music Foundation Inc

Analysis

Richard Tucker Music Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2024, 2 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 2020, Richard Tucker Music Foundation Inc reported income of $412k and spending of $382k, spending 93% of its income. Across the 3 years on record, from December 2018 to December 2020, income fell from $962k to $412k (-57%), an average of -35% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Richard Tucker Music Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Child Hope International ($412k), Ephraim Historical Foundation Inc ($412k) and Catskill Art Society Inc ($412k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $131k (34% of expenses). At year end it held assets of $102k against liabilities of $4,369, net assets of $98k. It reported 1 employees.