Music Forward

Analysis

Music Forward is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2009, 17 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 Forward reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.4m (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 92% 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 Forward sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Reif Arts Council ($1.4m), Wheatland Music Org ($1.4m) and North Carolina Opera Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $377k (25% of expenses). Other salaries and wages came to $172k. At year end it held assets of $1.3m against liabilities of $16k, net assets of $1.2m. It reported 11 employees.