Musical Bridges Around the World Inc

Analysis

Musical Bridges Around the World Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in November 1999, 27 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 August 2021, Musical Bridges Around the World Inc reported income of $1.1m and spending of $848k, leaving 26% of income unspent that year. Across the 3 years on record, from August 2019 to August 2021, income grew from $832k to $1.1m (+38%), an average of +17% a year. The sharpest change came in the year to August 2020, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musical Bridges Around the World Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include First State Ballet Theatre Inc ($1.1m), Thalian Association of Wilmington Inc ($1.1m) and Victory Music & Dance Company Inc ($1.1m).

On its Form 990 for the period ending August 2021, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $81k (9.5% of expenses). Other salaries and wages came to $313k. At year end it held assets of $1.5m against liabilities of $94k, net assets of $1.4m. It reported 6 employees.