Temple of Music

Analysis

Temple of Music is a registered charity in United States, based in Sammamish, WA. It received its IRS tax-exemption ruling in April 2019, 7 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 2023, Temple of Music reported income of $182k and spending of $141k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $182k (+609%), an average of +609% a year. The sharpest change came in the year to December 2023, when income rose by 609%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Temple of Music sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 48th percentile within WA. Charities of a similar size with the same main cause include Angel City Arts ($182k), Bright Hill Press Inc ($182k) and Resounding Achord Productions ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.