Center for Musical Excellence Inc

Analysis

Center for Musical Excellence Inc is a registered charity in United States, based in Bedminster, NJ. It received its IRS tax-exemption ruling in July 2024, 2 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Center for Musical Excellence Inc reported income of $111k and spending of $108k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $179k to $111k (-38%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Musical Excellence Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Chelsea Area Players ($111k), Southeastern Residency Conference Inc ($111k) and Bellevue Society for the Arts ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 36% of the total. At year end it held assets of $8,677 against liabilities of $0, net assets of $8,677.