Kelly Music for Life

Analysis

Kelly Music for Life is a registered charity in United States, based in Havertown, PA. It received its IRS tax-exemption ruling in June 2014, 12 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, Kelly Music for Life reported income of $268k and spending of $251k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $358k to $268k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kelly Music for Life sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Creative Arts for Kids Inc ($268k), Friends of the Penn ($268k) and Art Active Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 50% of the total. Other salaries and wages came to $75k. At year end it held assets of $955k against liabilities of $114k, net assets of $841k. It reported 4 employees.