Westerlies Music Inc

Analysis

Westerlies Music Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2017, 9 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 June 2023, Westerlies Music Inc reported income of $272k and spending of $271k, spending 99% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $247k to $272k (+10.0%), an average of +4.9% a year. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Westerlies Music Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include National Womens Foundation ($272k), Stageworks on the Hudson ($272k) and Belfast Curling Club Inc ($272k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 45% of the total. Other salaries and wages came to $157k. At year end it held assets of $106k against liabilities of $0, net assets of $106k. It reported 4 employees.