Music City Youth in the Arts Inc

Analysis

Music City Youth in the Arts Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Music City Youth in the Arts Inc reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from October 2018 to October 2023, income grew from $670k to $1.1m (+59%), an average of +12% a year. The sharpest change came in the year to October 2022, when income rose by 130%. Over the whole period it spent 102% 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 City Youth in the Arts Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include National Council of Nigerian Muslims in the USA ($1.1m), Seventh Art Corporation of Ithaca ($1.1m) and Downtown Greensboro Foundation ($1.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Other salaries and wages came to $97k. At year end it held assets of $82k against liabilities of $120k, net assets of -$38k. It reported 2 employees.