Madison Bach Musicians Inc

Analysis

Madison Bach Musicians Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in May 2006, 20 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 June 2023, Madison Bach Musicians Inc reported income of $161k and spending of $126k, leaving 22% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $148k to $161k (+8.6%), an average of +8.6% a year. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madison Bach Musicians 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 49th percentile, and in the 48th percentile within WI. Charities of a similar size with the same main cause include Hub-Arts and Cultural Center ($161k), Armstrong County Historical Museum and Genealogical Society Inc ($161k) and Saratoga County History Center ($161k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. At year end it held assets of $157k against liabilities of $5,314, net assets of $152k.