Hungry for Music Inc

Analysis

Hungry for Music Inc is a registered charity in United States, based in Woodstock, VA. It received its IRS tax-exemption ruling in April 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hungry for Music Inc reported income of $593k and spending of $232k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $593k (+320%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hungry for Music Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Irish American Heritage Center ($593k), Bucks County Herald Foundation ($594k) and Oasis Companies International ($593k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $30k, net assets of $0.