Taylor Music Group

Analysis

Taylor Music Group is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in January 2001, 25 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 2023, Taylor Music Group reported income of $101k and spending of $108k, spending 107% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $135k to $101k (-25%), an average of -9.3% a year. The sharpest change came in the year to June 2020, when income dropped by 54%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Taylor Music Group sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 43rd percentile within SC. Charities of a similar size with the same main cause include Inland Empire Contemporary Ballet Inc ($101k), National Society of the Daughters of the American Revolution ($101k) and Krayon Kids Musical Theater ($101k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $1,624 against liabilities of $26k, net assets of -$24k.