Music for Life

Analysis

Music for Life is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Music for Life reported income of $179k and spending of $213k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $179k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Music for Life sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Boys & Girls Club of Ashley County Inc ($179k), Youth Club of Lancaster County Inc ($180k) and World Lolei Incorporation ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $55k. At year end it held assets of $358k against liabilities of $20k, net assets of $338k. It reported 1 employees.