Music with Confidence

Analysis

Music with Confidence is a registered charity in United States, based in Sparks, NV. It received its IRS tax-exemption ruling in November 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 with Confidence reported income of $134k and spending of $138k, spending 103% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $99k to $134k (+36%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 87% 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 with Confidence sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within NV. Charities of a similar size with the same main cause include Southern States Communication Assn ($134k), Thrown Stone Theatre Company ($134k) and Elequa Inc ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 30% of the total. At year end it held assets of $34k against liabilities of $20k, net assets of $14k.