Music 4 Miracles Inc

Analysis

Music 4 Miracles Inc is a registered charity in United States, based in Palm City, FL. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Music 4 Miracles Inc reported income of $184k and spending of $160k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $152k to $184k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Music 4 Miracles Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Macmurray Foundation & Alumni Association NFP ($184k), Diverse Power Foundation Inc ($184k) and SWFL Childrens Charities Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 25% of the total. Other salaries and wages came to $65k. At year end it held assets of $55k against liabilities of $17k, net assets of $38k.