Music4life

Analysis

Music4life is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2010, 16 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 August 2023, Music4life reported income of $187k and spending of $205k, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $236k to $187k (-21%), an average of -5.6% a year. The sharpest change came in the year to August 2023, when income dropped by 25%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music4life sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within WA. Charities of a similar size with the same main cause include Greenwood Lake Gaelic Cultural Society Inc ($187k), Bunce Backyard Productions Inc ($187k) and Denver Museum of Miniatures Dolls & Toys ($187k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.