Musical Empowerment Inc

Analysis

Musical Empowerment Inc is a registered charity in United States, based in Carrboro, NC. It received its IRS tax-exemption ruling in February 2017, 9 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, Musical Empowerment Inc reported income of $191k and spending of $182k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $244k to $191k (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musical Empowerment Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include International Society of Protistologists Inc ($191k), Patrons of the Centre Inc ($191k) and Creative Dreams Outreach Center Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $108k. It paid $9,176 in professional fundraising fees. At year end it held assets of $35k against liabilities of $0, net assets of $35k. It reported 3 employees.