Girls Make Beats Inc

Analysis

Girls Make Beats Inc is a registered charity in United States, based in Lauderhill, FL. 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 August 2023, Girls Make Beats Inc reported income of $688k and spending of $599k, spending 87% of its income. Across the 3 years on record, from August 2021 to August 2023, income fell from $1.3m to $688k (-47%), an average of -27% a year. The sharpest change came in the year to August 2022, when income dropped by 59%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Girls Make Beats Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Center for the Arts Inc ($687k), Friends of South Louisiana Wetlands Discovery Foundation ($688k) and Lower Merion Conservancy ($687k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $181k (30% of expenses). Other salaries and wages came to $54k. At year end it held assets of $1.2m against liabilities of $15k, net assets of $1.2m. It reported 4 employees.