Music in Me Foundation International

Analysis

Music in Me Foundation International is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Music in Me Foundation International reported income of $207k and spending of $214k, spending 103% of its income. Across the 6 years on record, from December 2017 to December 2023, income grew from $16k to $207k (+1175%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 226%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Music in Me Foundation International sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Foundation for Islamic Scholarship and Teaching ($207k), Sky Mind Retreats ($207k) and Del Val Sports Booster Club ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $36k (17% of expenses). At year end it held assets of $27k against liabilities of $0, net assets of $27k.