Music City Artist Development

Analysis

Music City Artist Development is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 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 (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 City Artist Development reported income of $210k and spending of $16k, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $154k to $210k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 42% 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 City Artist Development sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include McMahon Auditorium Authority ($210k), Southern Aroostook Agricultural Museum ($210k) and Sryt Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $8,168 against liabilities of $0, net assets of $8,168.