Spreadmusicnow Inc

Analysis

Spreadmusicnow Inc is a registered charity in United States, based in Redding, CT. 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, Spreadmusicnow Inc reported income of $110k and spending of $16k, leaving 86% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $110k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spreadmusicnow Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within CT. Charities of a similar size with the same main cause include Atheist Alliance of America ($110k), Silambam Phoenix ($110k) and Heritage of Hope Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.