Musiqa

Analysis

Musiqa is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2002, 24 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, Musiqa reported income of $346k and spending of $262k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $293k to $346k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musiqa 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 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Museum of Durham History Inc ($346k), Economic Club of Minnesota ($346k) and Vox Populi Inc ($346k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $53k (20% of expenses). Other salaries and wages came to $64k. At year end it held assets of $130k against liabilities of $5,964, net assets of $124k. It reported 4 employees.