Musicians United to Serve the Youth of Charlottesville

Analysis

Musicians United to Serve the Youth of Charlottesville is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Musicians United to Serve the Youth of Charlottesville reported income of $866k and spending of $378k, leaving 56% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $243k to $866k (+257%), an average of +29% a year. The sharpest change came in the year to June 2024, when income rose by 179%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Musicians United to Serve the Youth of Charlottesville sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Amhe Incorporated ($866k), Thompson R2-J Education Foundation ($867k) and Kensington Montessori Schools of California ($866k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $53k (14% of expenses). Other salaries and wages came to $165k. At year end it held assets of $1.3m against liabilities of $27k, net assets of $1.3m. It reported 8 employees.