Market Street Music Corporation

Analysis

Market Street Music Corporation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 2009, 17 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 2023, Market Street Music Corporation reported income of $68k and spending of $85k, spending 126% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $69k to $68k (-1.4%), an average of -1.4% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Market Street Music Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within DE. Charities of a similar size with the same main cause include Childrens Media Association Inc ($68k), Prairie Players Civic Theatre ($68k) and Grafton Heritage Partnership Project ($68k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.