Music Room Inc

Analysis

Music Room Inc is a registered charity in United States, based in Orange, CA. It received its IRS tax-exemption ruling in October 1989, 37 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Music Room Inc reported income of $645k and spending of $651k, spending 101% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $463k to $645k (+39%), an average of +6.9% a year. The sharpest change came in the year to March 2022, when income rose by 66%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Music Room Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Palmyra Sportsmens Assn Inc ($645k), Trinity Human Services Corporation ($645k) and Jewish Community Housing Corporation ($645k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 4.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $43k (6.6% of expenses). Other salaries and wages came to $119k. It paid $43 in professional fundraising fees. At year end it held assets of $319k against liabilities of $45k, net assets of $275k. It reported 26 employees.