Music Mends Minds Inc

Analysis

Music Mends Minds Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Music Mends Minds Inc reported income of $264k and spending of $308k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $265k to $264k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Music Mends Minds Inc 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 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Nami Central Iowa ($264k), Lutheran Housing Corporation of Central Indiana ($264k) and Little League Baseball Inc ($264k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $140k (45% of expenses). Other salaries and wages came to $44k. At year end it held assets of $242k against liabilities of $1,987, net assets of $240k. It reported 7 employees.