Music at the Red Door Inc

Analysis

Music at the Red Door Inc is a registered charity in United States, based in West Hartford, CT. 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 December 2023, Music at the Red Door Inc reported income of $78k and spending of $80k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $78k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music at the Red Door Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within CT. Charities of a similar size with the same main cause include Flower Mound Community Orchestra ($78k), Broomfield Veterans Memorial Museum ($78k) and Perry Band Boosters of Stark County Inc ($78k).

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 $112k against liabilities of $2,369, net assets of $110k.