Music for Seniors

Analysis

Music for Seniors is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Seniors reported income of $611k and spending of $639k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $271k to $611k (+126%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 106%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Music for Seniors sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Manor Apartments Inc ($611k), Southwest Arkansas Developmental Homes Inc ($612k) and Cornerstone Family Interventions Inc ($611k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $100k (16% of expenses). Other salaries and wages came to $123k. At year end it held assets of $198k against liabilities of $75k, net assets of $123k. It reported 2 employees.