Musyca

Analysis

Musyca is a registered charity in United States, based in Northridge, CA. It received its IRS tax-exemption ruling in August 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, Musyca reported income of $530k and spending of $366k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $530k (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musyca sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Enrichment Center a Creative Focus & a Bright Beginning Foundation ($530k), Schoharie River Center Inc ($530k) and The Chicago Club Preservation Foundation ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $88k (24% of expenses). Other salaries and wages came to $21k. At year end it held assets of $595k against liabilities of $5,459, net assets of $590k. It reported 5 employees.