Change the Tune Inc

Analysis

Change the Tune Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2017, 9 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 December 2022, Change the Tune Inc reported income of $233k and spending of $288k, spending 124% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $224k to $233k (+4.0%), an average of +4.0% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Change the Tune Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Historic St Marys City Foundation Inc ($233k), Angkor Dance Troupe Inc ($233k) and Maine Crafts Association ($233k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.