Music That Makes Community

Analysis

Music That Makes Community is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Music That Makes Community reported income of $94k and spending of $107k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $88k to $94k (+6.7%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 102% 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 That Makes Community sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Cny Rise Center Inc ($94k), Committee for Cultural Policy Inc ($94k) and Youth Advocates for Change ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 52% of the total. At year end it held assets of $19k against liabilities of $20k, net assets of -$1,301.