Music in the Park Inc

Analysis

Music in the Park Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Music in the Park Inc reported income of $236k and spending of $288k, spending 122% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $199k to $236k (+18%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Music in the Park Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within WI. Charities of a similar size with the same main cause include Jonas Ridge Fire Department and Service Center Inc ($236k), Spokane Police Chaplain Advisory Board ($236k) and Sisters of Bethany ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $53k against liabilities of $205k, net assets of -$152k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.