Musicianship Inc

Analysis

Musicianship Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Musicianship Inc reported income of $1.3m and spending of $1.5m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $772k to $1.3m (+66%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musicianship Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 59th percentile within DC. Charities of a similar size with the same main cause include River City Brass Band ($1.3m), Four Mounds Foundation ($1.3m) and Ballet Theatre of Boston Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $158k (11% of expenses). Other salaries and wages came to $352k. At year end it held assets of $224k against liabilities of $52k, net assets of $172k. It reported 8 employees.