New Music Works

Analysis

New Music Works is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in August 1997, 29 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 June 2023, New Music Works reported income of $90k and spending of $69k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $79k to $90k (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2023, when income rose by 84%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Music Works sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Crow-Luther Cultural Events Center ($90k), Lake Bluff History Museum ($90k) and Knoxville Christian Arts Ministries Inc ($90k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $16k (23% of expenses). Other salaries and wages came to $28k. At year end it held assets of $62k against liabilities of $0, net assets of $62k.