Georgia Music Foundation Inc

Analysis

Georgia Music Foundation Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in April 1995, 31 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, Georgia Music Foundation Inc reported income of $292k and spending of $280k, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $188k to $292k (+56%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 111%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Georgia Music Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within GA. Charities of a similar size with the same main cause include Notable Music and Arts Organization ($292k), Dal Niente New Music NFP ($292k) and Bill McIntyres Shooting Stars Nyb Inc ($292k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (8.9% of expenses). At year end it held assets of $91k against liabilities of $1,389, net assets of $89k. It reported 1 employees.