Music Changing Lives

Analysis

Music Changing Lives is a registered charity in United States, based in Moreno Valley, CA. It received its IRS tax-exemption ruling in May 2004, 22 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 2022, Music Changing Lives reported income of $2.8m and spending of $735k, leaving 74% of income unspent that year. Across the 5 years on record, from June 2018 to June 2022, income grew from $301k to $2.8m (+834%), an average of +75% a year. The sharpest change came in the year to June 2019, when income rose by 342%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music Changing Lives sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Music of the Baroque Concert Series Inc ($2.8m), Camerata Pacifica ($2.8m) and Americans for Prosperity Foundation ($2.8m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 87% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $1,506 (0.2% of expenses). Other salaries and wages came to $82k. At year end it held assets of $2.7m against liabilities of $55k, net assets of $2.6m.