Muse Machine Inc

Analysis

Muse Machine Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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 June 2023, Muse Machine Inc reported income of $1.2m and spending of $1.4m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.2m (-38%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 41%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Muse Machine Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Holy Family Plaza Inc ($1.2m), Bible Study Time Inc ($1.2m) and North Area Meals on Wheels Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $91k (6.6% of expenses). Other salaries and wages came to $326k. At year end it held assets of $6.2m against liabilities of $76k, net assets of $6.1m. It reported 8 employees.