Taconic Music Inc

Analysis

Taconic Music Inc is a registered charity in United States, based in Manchestr Ctr, VT. 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 July 2023, Taconic Music Inc reported income of $171k and spending of $190k, spending 111% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income grew from $153k to $171k (+12%), an average of +12% a year. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Taconic Music Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 41st percentile within VT. Charities of a similar size with the same main cause include High Mountain Hay Fever Festival Association ($171k), Deepart-Ai Foundation ($171k) and Earth Lab SF ($171k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.