Musack Inc

Analysis

Musack Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in January 2013, 13 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, Musack Inc reported income of $107k and spending of $57k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $35k to $107k (+206%), an average of +206% a year. The sharpest change came in the year to December 2023, when income rose by 206%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musack Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Fairfield Bay Library Inc ($107k), Foundation for the Stars ($107k) and National Academy of Video Game Trade Reviewers Corp ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $108k against liabilities of $438, net assets of $108k.