Early Music Now Inc

Analysis

Early Music Now Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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, Early Music Now Inc reported income of $180k and spending of $274k, spending 152% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $293k to $180k (-38%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Early Music Now Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within WI. Charities of a similar size with the same main cause include Real Good Rescue Inc ($180k), Batesville Community Theatre ($180k) and Womans Choice Inc ($180k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $63k (23% of expenses). Other salaries and wages came to $41k. At year end it held assets of $551k against liabilities of $64k, net assets of $487k. It reported 2 employees.

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.