Embrace Music Foundation Inc

Analysis

Embrace Music Foundation Inc is a registered charity in United States, based in Pembroke Pnes, FL. It received its IRS tax-exemption ruling in September 2011, 15 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 (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, Embrace Music Foundation Inc reported income of $109k and spending of $122k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $109k (-8.7%), an average of -8.7% a year. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Embrace Music Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Tempoart Portland ($109k), Washington Place Foundation ($109k) and Adirondack Soaring Association Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $31k against liabilities of $25k, net assets of $5,200.