Musicians for Education Inc

Analysis

Musicians for Education Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Musicians for Education Inc reported income of $199k and spending of $163k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $203k to $199k (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Musicians for Education Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Next Generation Choices Foundation Inc ($199k), Caddo Mills Isd Education Foundation Inc ($199k) and Francis Kiddie Kollege Preschool Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $49k (30% of expenses). At year end it held assets of $536k against liabilities of $50k, net assets of $486k. It reported 1 employees.