Musicfortheworld

Analysis

Musicfortheworld is a registered charity in United States, based in West Dundee, IL. It received its IRS tax-exemption ruling in September 2000, 26 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 December 2023, Musicfortheworld reported income of $82k and spending of $86k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $82k (+14%), an average of +14% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Musicfortheworld sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Veterans Food Pantry of Northwest Ohio Inc ($82k), Banquet in Salem Inc ($82k) and Daughter by Design ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $483 against liabilities of $0, net assets of $483.