Music on Stage Inc

Analysis

Music on Stage Inc is a registered charity in United States, based in Palatine, IL. It received its IRS tax-exemption ruling in December 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 July 2024, Music on Stage Inc reported income of $72k and spending of $66k, spending 91% of its income. Across the 2 years on record, from July 2023 to July 2024, income grew from $62k to $72k (+16%), an average of +16% a year. The sharpest change came in the year to July 2024, when income rose by 16%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music on Stage Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within IL. Charities of a similar size with the same main cause include Artslink Inc ($72k), Growthworks Inc ($72k) and Monterey County Agricultural and Rural Life Museum ($72k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 16% and program service revenue 79% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.