Music in World Cultures Inc

Analysis

Music in World Cultures Inc is a registered charity in United States, based in Bridgeville, PA. It received its IRS tax-exemption ruling in November 1991, 35 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, Music in World Cultures Inc reported income of $406k and spending of $371k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $406k (+90%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 150%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music in World Cultures Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Costume Society of America Inc ($406k), Paseo Project Inc ($406k) and South Jersey Dream Center Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $15k (4.0% of expenses). Other salaries and wages came to $19k. At year end it held assets of $80k against liabilities of $27k, net assets of $53k. It reported 5 employees.