Style-City Music

Analysis

Style-City Music is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in March 2022, 4 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, Style-City Music reported income of $57k and spending of $57k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $57k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Style-City Music sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Windy City Entertainment Inc ($57k), Berea Arts Fest Inc ($57k) and Summerville Dorchester Museum Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $57k against liabilities of $57k, net assets of $0.