Michael J Owen Music Education Fund

Analysis

Michael J Owen Music Education Fund is a registered charity in United States, based in Seattle, WA. 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 July 2024, Michael J Owen Music Education Fund reported income of $115k and spending of $65k, leaving 43% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income grew from $95k to $115k (+21%), an average of +21% a year. The sharpest change came in the year to July 2024, when income rose by 21%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michael J Owen Music Education Fund sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 36th percentile within WA. Charities of a similar size with the same main cause include Carol Shields Prize for Fiction of America ($115k), Greensburg Art Club ($115k) and Midland Storytelling Festival ($115k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 61% of the total. At year end it held assets of $436k against liabilities of $0, net assets of $436k.