Grace Notes Music Foundation Inc

Analysis

Grace Notes Music Foundation Inc is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in October 2011, 15 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, Grace Notes Music Foundation Inc reported income of $108k and spending of $76k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $108k (-6.8%), an average of -6.8% a year. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grace Notes Music Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include American Chemical Society ($108k), Silver Bullet Productions ($108k) and Crow Wing County Historical Society ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $202k against liabilities of $0, net assets of $202k.