Friends of Musique & Vin Au Clos Vougeot Inc

Analysis

Friends of Musique & Vin Au Clos Vougeot Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2019, 7 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, Friends of Musique & Vin Au Clos Vougeot Inc reported income of $664k and spending of $278k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $664k (+143%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 3888%. Over the whole period it spent 35% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Musique & Vin Au Clos Vougeot Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Hong Kong Asociation of Washington Foundation ($664k), Lower Cape Community Access Television Inc ($664k) and Mountain View Community Television ($664k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.