Fantasia Family Music

Analysis

Fantasia Family Music is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fantasia Family Music reported income of $193k and spending of $192k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $193k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fantasia Family Music sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Columbia Insight ($193k), Artcore Inc ($193k) and Outer Loop Theater Experience ($193k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. At year end it held assets of $3,150 against liabilities of $0, net assets of $3,150.