Fundacion Musica Y Pais Inc

Analysis

Fundacion Musica Y Pais Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fundacion Musica Y Pais Inc reported income of $209k and spending of $182k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $221k to $209k (-5.4%), an average of -5.4% a year. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fundacion Musica Y Pais Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 39th percentile within PR. Charities of a similar size with the same main cause include Saratoga Joinery Inc ($209k), Seeds of Joy Incorporated ($209k) and Energy Rated Homes of Alaska Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $189k against liabilities of $2,274, net assets of $187k.