Tunefoolery Music Inc

Analysis

Tunefoolery Music Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 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 June 2024, Tunefoolery Music Inc reported income of $156k and spending of $141k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $207k to $156k (-25%), an average of -6.9% a year. The sharpest change came in the year to June 2022, when income dropped by 36%. 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, Tunefoolery Music Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Iowa Quilt Museum ($156k), Taos Opera Institute ($156k) and Austin Swing Syndicate Inc ($156k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $55k. At year end it held assets of $80k against liabilities of $0, net assets of $80k. It reported 11 employees.