Music for Food Inc

Analysis

Music for Food Inc is a registered charity in United States, based in Newton Center, MA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2024, Music for Food Inc reported income of $94k and spending of $101k, spending 107% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $197k to $94k (-52%), an average of -52% a year. The sharpest change came in the year to June 2024, when income dropped by 52%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Music for Food Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Little League Baseball Inc ($94k), Benefit the Vets ($94k) and Carrie P Chandler Housing Development Corporation ($94k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.