Mason Music Foundation

Analysis

Mason Music Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 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, Mason Music Foundation reported income of $164k and spending of $111k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $178k to $164k (-7.4%), an average of -7.4% a year. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mason Music Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within AL. Charities of a similar size with the same main cause include Combat Air Museum Inc ($164k), Charger Foundation Inc ($164k) and Old Courthouse Theatre Inc ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 15% of the total. At year end it held assets of $284k against liabilities of $5,777, net assets of $278k.