Brightwork Newmusic

Analysis

Brightwork Newmusic is a registered charity in United States, based in Pasadena, CA. 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 June 2024, Brightwork Newmusic reported income of $197k and spending of $163k, spending 83% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $107k to $197k (+84%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brightwork Newmusic sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Childrens Theatre of Charleston Inc ($197k), Thank You Walt Disney Inc ($197k) and Maharashtra Mandal of Detroit Incorporated ($197k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.