Tonality

Analysis

Tonality is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Tonality reported income of $344k and spending of $447k, spending 130% of what it took in. Across the 4 years on record, from December 2021 to June 2024, income grew from $248k to $344k (+38%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 103%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tonality 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 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Southwest Allen County Schools Music Boosters ($344k), More Art Inc ($344k) and Leela Institute ($344k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $111k (25% of expenses). Other salaries and wages came to $39k. At year end it held assets of $31k against liabilities of $13k, net assets of $18k. It reported 4 employees.