The Library of Musiclandria

Analysis

The Library of Musiclandria is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in June 2017, 9 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, The Library of Musiclandria reported income of $134k and spending of $252k, spending 188% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $261k to $134k (-48%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Library of Musiclandria sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Firehouse Theater Company ($134k), Tyler Parkcenter for the Arts ($134k) and Womans Club of Fort Worth Historical Preservation Trust ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $163k against liabilities of $0, net assets of $163k.