Notable Music and Arts Organization

Analysis

Notable Music and Arts Organization is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 2021, 5 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, Notable Music and Arts Organization reported income of $292k and spending of $252k, spending 86% of its income. Across the 6 years on record, from December 2017 to December 2023, income grew from $201k to $292k (+45%), an average of +7.7% a year. The sharpest change came in the year to December 2018, when income rose by 55%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Notable Music and Arts Organization sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Bill McIntyres Shooting Stars Nyb Inc ($292k), Georgia Music Foundation Inc ($292k) and Putnam Arts Council ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $559k against liabilities of $11k, net assets of $548k.