Musical Family Tree Inc

Analysis

Musical Family Tree Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2014, 12 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 Family Tree Inc reported income of $79k and spending of $62k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $251k to $79k (-69%), an average of -32% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 96% 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 Family Tree Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within IN. Charities of a similar size with the same main cause include Chasing Two Rabbits at Once ($79k), Carmel Valley Art Association ($79k) and Alki Art Fair ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.