Center for Visual Music

Analysis

Center for Visual Music is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2003, 23 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, Center for Visual Music reported income of $114k and spending of $110k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $128k to $114k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Visual Music sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include John C Robinson Brown Condor ($114k), Old Northwood Neighborhood Association Inc ($114k) and Murray H & Sharee C Newman Supporting Foundation ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 30% of the total. At year end it held assets of $445k against liabilities of $59k, net assets of $386k.