Side by Side Music Inc

Analysis

Side by Side Music Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Side by Side Music Inc reported income of $151k and spending of $172k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $148k to $151k (+2.0%), an average of +2.0% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Side by Side Music Inc 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 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Vital Flight Inc ($151k), Power House Recovery Center ($151k) and Global Impact Initiative ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $416, net assets of $90k.