Present Music Inc

Analysis

Present Music Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 1983, 43 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 June 2023, Present Music Inc reported income of $588k and spending of $641k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $302k to $588k (+94%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Present Music Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include Noah Webster House Inc ($588k), Doxology Inc ($588k) and Better Business Bureau Serving the Pacific Southwest Foundation ($588k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $167k. At year end it held assets of $221k against liabilities of $22k, net assets of $199k. It reported 5 employees.