Music in the Mountains Inc

Analysis

Music in the Mountains Inc is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in June 1990, 36 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 September 2023, Music in the Mountains Inc reported income of $926k and spending of $785k, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $730k to $926k (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2021, when income rose by 180%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Music in the Mountains Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Family Connection Inc ($926k), Newton Girls Soccer Inc ($926k) and Central Christian Church Apartments Inc ($926k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $135k (17% of expenses). Other salaries and wages came to $70k. At year end it held assets of $1.6m against liabilities of $40k, net assets of $1.6m. It reported 5 employees.