Unidos Por LA Musica

Analysis

Unidos Por LA Musica is a registered charity in United States, based in Ontario, CA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Unidos Por LA Musica reported income of $1.4m and spending of $1.4m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $1.4m (+615%), an average of +64% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unidos Por LA Musica sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Belmont Child Care Association Inc ($1.4m), The Community Partnership ($1.4m) and Juventud En Camino Association ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (5.7% of expenses). Other salaries and wages came to $52k. At year end it held assets of $252k against liabilities of $0, net assets of $252k.