Macphail Center for Music

Analysis

Macphail Center for Music is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1992, 34 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Macphail Center for Music reported income of $22.9m and spending of $15.4m, leaving 33% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $11.2m to $22.9m (+104%), an average of +19% a year. The sharpest change came in the year to August 2023, when income rose by 91%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Macphail Center for Music sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include American Federation for Aging ($22.8m), American Center for Physics Inc ($22.9m) and Milwaukee Art Museum Inc ($22.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 69% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $899k (5.8% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $42.2m against liabilities of $2.5m, net assets of $39.7m. It reported 393 employees.