Melodic Caring Project

Analysis

Melodic Caring Project is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Melodic Caring Project reported income of $358k and spending of $398k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $275k to $358k (+30%), an average of +9.1% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Melodic Caring Project 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 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Healing House and New Beginnings ($358k), Tdiforaccess ($358k) and Foregen ($358k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $83k (21% of expenses). Other salaries and wages came to $89k. It paid $6,005 in professional fundraising fees. At year end it held assets of $168k against liabilities of $254k, net assets of -$86k. It reported 4 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.