Midwest Music Foundation Inc

Analysis

Midwest Music Foundation Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in October 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 December 2023, Midwest Music Foundation Inc reported income of $290k and spending of $121k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $290k (+108%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midwest Music Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within MO. Charities of a similar size with the same main cause include Creative Opportunities Group Inc ($290k), Current Media Inc ($290k) and Western New York Book Artscollaborative ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $323k against liabilities of $0, net assets of $323k.