Music Learning Foundation

Analysis

Music Learning Foundation is a registered charity in United States, based in Rockwall, TX. It received its IRS tax-exemption ruling in March 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Music Learning Foundation reported income of $262k and spending of $255k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $265k to $262k (-0.8%), an average of -0.2% a year. The sharpest change came in the year to December 2022, when income rose by 526%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music Learning Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include The Raleigh Ringers Inc ($262k), Ladies Ancient Order of Hibernnians Inc ($262k) and Mirabel Pictures ($262k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $73k against liabilities of $2,396, net assets of $71k.