California Music Center

Analysis

California Music Center is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 1975, 51 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 September 2023, California Music Center reported income of $195k and spending of $177k, spending 91% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $242k to $195k (-19%), an average of -19% a year. The sharpest change came in the year to September 2023, when income dropped by 19%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, California Music Center sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Chinese-American Friendship Assoc at Triangle Area North Carolina ($195k), Institute for Frontier Science ($195k) and Digs Chicago ($195k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $46k (26% of expenses). Other salaries and wages came to $3,213. At year end it held assets of $332k against liabilities of $1,152, net assets of $330k. It reported 2 employees.