Raga Massive Inc

Analysis

Raga Massive Inc 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, Raga Massive Inc reported income of $411k and spending of $427k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $411k (+164%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Raga Massive Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Muae Publishing Inc ($411k), Gina Bachauer International Piano Foundation ($411k) and Pennsylvania Regional Ballet ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $16k (3.8% of expenses). At year end it held assets of $119k against liabilities of $5,000, net assets of $114k.