Music in Context

Analysis

Music in Context is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1994, 32 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 May 2024, Music in Context reported income of $103k and spending of $157k, spending 152% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income fell from $104k to $103k (-1.1%), an average of -1.1% a year. Over the whole period it spent 137% 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 in Context sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Western Plains Arts Association ($103k), Spokane Chamber Music Association ($103k) and Hanover Area Arts Guild ($103k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 77% and program service revenue 20% of the total. At year end it held assets of $286k against liabilities of $0, net assets of $286k.