Highland North Music

Analysis

Highland North Music is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in May 2022, 4 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, Highland North Music reported income of $129k and spending of $129k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $129k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. 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, Highland North Music sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Abet Foundation Inc ($129k), Handmade Music School ($129k) and Portside New York Inc ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 135% of the total. At year end it held assets of $53 against liabilities of $106, net assets of -$53.