Tosco Music Parties Inc

Analysis

Tosco Music Parties Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 1999, 27 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 June 2023, Tosco Music Parties Inc reported income of $625k and spending of $717k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $270k to $625k (+131%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tosco Music Parties Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Chinese Culture Connection Inc ($625k), Motion Media Arts Center ($625k) and Pacific Southwest Railway Museum ($625k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $212k. At year end it held assets of $355k against liabilities of $8,192, net assets of $347k. It reported 5 employees.