Mainly Mozart Inc

Analysis

Mainly Mozart Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Mainly Mozart Inc reported income of $2.3m and spending of $2.6m, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $2.3m (+13%), an average of +3.1% a year. The sharpest change came in the year to August 2021, when income rose by 78%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mainly Mozart Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include American Institute for Contemporary German Studies John Hopkins Univ ($2.3m), Aozora Community Foundation Inc ($2.3m) and Dunedin Fine Arts Cultural Center Inc ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 65% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $256k (9.8% of expenses). Other salaries and wages came to $569k. At year end it held assets of $427k against liabilities of $836k, net assets of -$409k. It reported 15 employees.