Bring on the Music Inc

Analysis

Bring on the Music Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bring on the Music Inc reported income of $2.8m and spending of $2.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $2.8m (+5.4%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 612%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bring on the Music Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Gateway Middle School ($2.8m), Difference Principle Inc ($2.8m) and Berean Christian Academy Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $176k (6.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $11.6m against liabilities of $1,338, net assets of $11.6m. It reported 47 employees.