Berkeley Music Group

Analysis

Berkeley Music Group is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Berkeley Music Group reported income of $5.6m and spending of $5.9m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $5.6m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 210%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Berkeley Music Group sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Iop Publishing Incorporated ($5.6m), Society for Research in Child Development ($5.6m) and Northeastern Educational Television of Ohio Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $200k (3.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.8m against liabilities of $2.5m, net assets of $3.3m. It reported 231 employees.