Blackcat Music Cooperative

Analysis

Blackcat Music Cooperative is a registered charity in United States, based in Berkeley Springs, WV. It received its IRS tax-exemption ruling in January 2017, 9 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, Blackcat Music Cooperative reported income of $89k and spending of $71k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $89k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blackcat Music Cooperative sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within WV. Charities of a similar size with the same main cause include Center Stage Theatre Inc ($89k), Fort Bend Symphony Orchestra ($89k) and Masterpiece Ministries Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 17% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.