Sobrato Murphy Music Association

Analysis

Sobrato Murphy Music Association is a registered charity in United States, based in Morgan Hill, CA. It received its IRS tax-exemption ruling in August 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 December 2023, Sobrato Murphy Music Association reported income of $270k and spending of $293k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $257k to $270k (+4.9%), an average of +4.9% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sobrato Murphy Music Association sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Colony Theatre Company ($270k), Historic Jayhawk Theatre Inc ($270k) and Harmony School of Creative Arts ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.