Composers Now Inc

Analysis

Composers Now Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2019, 7 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 September 2023, Composers Now Inc reported income of $356k and spending of $166k, leaving 53% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $93k to $356k (+281%), an average of +281% a year. The sharpest change came in the year to September 2023, when income rose by 281%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Composers Now Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include The Henry Miller Memorial Library ($355k), Give Music Inc ($356k) and Orange County Womens Chorus ($355k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. At year end it held assets of $257k against liabilities of $35k, net assets of $222k.