The Rock Club-Music Is the Remedy

Analysis

The Rock Club-Music Is the Remedy is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in November 2012, 14 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, The Rock Club-Music Is the Remedy reported income of $83k and spending of $117k, spending 142% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $83k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Rock Club-Music Is the Remedy sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include J D Martinez Ministries ($83k), Makingmusica Inc ($83k) and Boston & Maine Railroad Historical Society Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $145k against liabilities of $25, net assets of $145k.