Music for Life Institute

Analysis

Music for Life Institute is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in February 2001, 25 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 March 2023, Music for Life Institute reported income of $1.9m and spending of $2.3m, spending 122% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $2.6m to $1.9m (-27%), an average of -7.7% a year. The sharpest change came in the year to March 2021, when income dropped by 45%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music for Life Institute sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Performing Arts Center Eastside ($1.9m), Crossmen Productions Inc ($1.9m) and Artown ($1.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 104% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $153k (6.7% of expenses). Other salaries and wages came to $345k. At year end it held assets of $1.2m against liabilities of $229k, net assets of $928k. It reported 6 employees.