Songwritingwith Inc

Analysis

Songwritingwith Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 2008, 18 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 2023, Songwritingwith Inc reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $946k to $1.2m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 44%. 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, Songwritingwith Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include York Symphony Orchestra ($1.2m), Hershey Region of the Antique Automobile Club of America ($1.2m) and See Science Center Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $106k (8.4% of expenses). Other salaries and wages came to $279k. At year end it held assets of $685k against liabilities of $19k, net assets of $666k. It reported 6 employees.