Iam Music Inc

Analysis

Iam Music Inc is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in December 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, Iam Music Inc reported income of $387k and spending of $410k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $387k (+101%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 49%. 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, Iam Music Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Maria Stein Countryfest Inc ($387k), South Asia Institute ($387k) and Aitysh USA ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 74% of the total. Other salaries and wages came to $274k. At year end it held assets of $28k against liabilities of $26k, net assets of $1,896. It reported 22 employees.