Music to the Ears Foundation

Analysis

Music to the Ears Foundation is a registered charity in United States, based in Marina DL Rey, CA. It received its IRS tax-exemption ruling in March 2015, 11 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, Music to the Ears Foundation reported income of $186k and spending of $86k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $232k to $186k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music to the Ears Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Avon Hills Folk School ($186k), Region 30 Uil Music ($186k) and Historic Fallsington Incorporated ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 76% of the total. Other salaries and wages came to $6,000. At year end it held assets of $420k against liabilities of $141k, net assets of $279k. It reported 1 employees.