Center for New Music San Francisco Inc

Analysis

Center for New Music San Francisco Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2022, 4 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 September 2023, Center for New Music San Francisco Inc reported income of $3.8m and spending of $4.4m, spending 118% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income grew from $276k to $3.8m (+1263%), an average of +269% a year. The sharpest change came in the year to September 2022, when income rose by 808%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for New Music San Francisco Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include San Diego Automotive Museum Inc ($3.8m), Balletx ($3.8m) and Alliance of Resident Theatres New York Inc ($3.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $317k (7.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $1.1m against liabilities of $272k, net assets of $794k. It reported 59 employees.