Concerts in Motion Inc

Analysis

Concerts in Motion Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 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, Concerts in Motion Inc reported income of $1.2m and spending of $1.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $741k to $1.2m (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Concerts in Motion Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Fort Worth Community Arts Center ($1.2m), United for a Fair Economy Inc ($1.2m) and Jazz Legacy Foundation Incorporated ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $906k. At year end it held assets of $1.3m against liabilities of $41k, net assets of $1.3m. It reported 80 employees.