Musica Franklin Inc

Analysis

Musica Franklin Inc is a registered charity in United States, based in Greenfield, MA. It received its IRS tax-exemption ruling in February 2017, 9 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, Musica Franklin Inc reported income of $230k and spending of $257k, spending 112% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $226k to $230k (+1.7%), an average of +0.8% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musica Franklin Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Foundation for Spirituality and the Arts Inc ($230k), Hawaii Journalism Initiative ($230k) and Theater Mitu Inc ($230k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $159k. At year end it held assets of $264k against liabilities of $7,456, net assets of $257k. It reported 10 employees.