Spread the Tunes Inc

Analysis

Spread the Tunes Inc is a registered charity in United States, based in Spearfish, SD. It received its IRS tax-exemption ruling in January 2016, 10 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, Spread the Tunes Inc reported income of $96k and spending of $74k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $96k (-1.2%), an average of -1.2% a year. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spread the Tunes Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 30th percentile within SD. Charities of a similar size with the same main cause include Old House Society ($96k), Memphis Music Archives Inc ($96k) and Theatre Historical Society of America ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.