Daniels Music Foundation

Analysis

Daniels Music Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2005, 21 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, Daniels Music Foundation reported income of $1.5m and spending of $1.4m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+27%), an average of +6.2% a year. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Daniels Music Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Thomasville Cultural Center Inc ($1.5m), Museum Foundation of Pacific Grove Inc ($1.5m) and Washington Concert Opera ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.8% of the total. Other salaries and wages came to $614k. At year end it held assets of $4.5m against liabilities of $102k, net assets of $4.4m. It reported 12 employees.