Tune Inc

Analysis

Tune Inc is a registered charity in United States, based in Northwood, IA. It received its IRS tax-exemption ruling in June 1979, 47 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 March 2024, Tune Inc reported income of $305k and spending of $161k, leaving 47% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $500k to $305k (-39%), an average of -12% a year. The sharpest change came in the year to March 2023, when income rose by 67%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tune Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include Augusta Westobou Festival Inc ($305k), Delaware Council on Economic Education Inc ($305k) and Federation of United States Teachers and Adjudicator ($305k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 2.7% and program service revenue 92% of the total. Other salaries and wages came to $11k. At year end it held assets of $656k against liabilities of $103k, net assets of $553k. It reported 4 employees.