World Music Productions Inc

Analysis

World Music Productions Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1987, 39 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, World Music Productions Inc reported income of $353k and spending of $317k, spending 90% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $229k to $353k (+54%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 56%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World Music Productions Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Society of the Cincinnati in the State of Virginia ($353k), Dream Orchestra Inc ($353k) and Playhouse 46 Inc ($353k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $2,000 (0.6% of expenses). Other salaries and wages came to $34k. At year end it held assets of $209k against liabilities of $123k, net assets of $86k. It reported 2 employees.