Musesalon Collaborative

Analysis

Musesalon Collaborative is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2020, 6 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 January 2024, Musesalon Collaborative reported income of $61k and spending of $96k, spending 158% of what it took in. Across the 3 years on record, from January 2022 to January 2024, income grew from $52k to $61k (+16%), an average of +7.8% a year. The sharpest change came in the year to January 2023, when income rose by 86%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musesalon Collaborative sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include New Hampshire Master Chorale ($61k), Long Island Ballet Theatre ($61k) and Arkansas Orchestra Society Guildinc ($61k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $60k. At year end it held assets of $11k against liabilities of -$1, net assets of $11k.