Leadership Music

Analysis

Leadership Music is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in April 1991, 35 years ago. 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, Leadership Music reported income of $614k and spending of $513k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $503k to $614k (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 392%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leadership Music sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Croatian Scholarship Fund ($614k), Manchester Historic Association ($614k) and University of Strathclyde USA Foundation ($614k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $133k (26% of expenses). Other salaries and wages came to $110k. At year end it held assets of $2.0m against liabilities of $40k, net assets of $1.9m. It reported 5 employees.