Music Health Alliance Inc

Analysis

Music Health Alliance Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Music Health Alliance Inc reported income of $2.6m and spending of $2.1m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $770k to $2.6m (+236%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 247%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Music Health Alliance Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Winona Area Ambulance Service Inc ($2.6m), Brookes House Inc ($2.6m) and Basic Health International ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $155k (7.4% of expenses). Other salaries and wages came to $913k. At year end it held assets of $3.5m against liabilities of $662k, net assets of $2.8m. It reported 18 employees.