Musical Upcoming Stars in the Classics

Analysis

Musical Upcoming Stars in the Classics is a registered charity in United States, based in Chagrin Falls, OH. It received its IRS tax-exemption ruling in July 2008, 18 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Musical Upcoming Stars in the Classics reported income of $221k and spending of $164k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $181k to $221k (+22%), an average of +10% a year. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Musical Upcoming Stars in the Classics sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include California Lulac Foundation Inc ($221k), Elevate Pregnancy and Family Resource Center ($221k) and Little League Baseball Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 31% of the total. At year end it held assets of $287k against liabilities of $0, net assets of $287k.