Musical Mime Company Inc

Analysis

Musical Mime Company Inc is a registered charity in United States, based in W Hampton BCH, NY. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Musical Mime Company Inc reported income of $71k and spending of $113k, spending 159% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $114k to $71k (-38%), an average of -38% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 135% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Musical Mime Company Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Connect with Kids Inc ($71k), Davenport Wildcats Ysp ($71k) and Maya Gold Foundation ($71k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $2,602, net assets of $33k.