Music for All Inc

Analysis

Music for All Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2007, 19 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 February 2023, Music for All Inc reported income of $10.3m and spending of $8.1m, leaving 21% of income unspent that year. Across the 4 years on record, from February 2020 to February 2023, income grew from $10.0m to $10.3m (+2.6%), an average of +0.9% a year. The sharpest change came in the year to February 2022, when income rose by 358%. Over the whole period it spent 77% 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 for All Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include National Theatre School of Canada ($10.3m), Ubongo International ($10.3m) and Japan Society Inc ($10.3m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 14% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $672k (8.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $12.6m against liabilities of $2.8m, net assets of $9.7m. It reported 44 employees.