Muse Winston-Salem

Analysis

Muse Winston-Salem is a registered charity in United States, based in Winstonsalem, NC. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2022, Muse Winston-Salem reported income of $122k and spending of $151k, spending 124% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $111k to $122k (+9.3%), an average of +2.3% a year. The sharpest change came in the year to December 2019, when income rose by 408%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Muse Winston-Salem sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Overseas Friends of Uesi USA ($122k), Hull Foundation Inc ($122k) and Offerdahls Hand-Off Foundation Inc ($122k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $33k (22% of expenses). Other salaries and wages came to $38k. At year end it held assets of $1.1m against liabilities of $12k, net assets of $1.1m. It reported 2 employees.