Music Therapy of the Rockies

Analysis

Music Therapy of the Rockies is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Music Therapy of the Rockies reported income of $181k and spending of $231k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $165k to $181k (+9.6%), an average of +9.6% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Music Therapy of the Rockies sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within CO. Charities of a similar size with the same main cause include Natural Grocers Heroes in Aprons Fund ($181k), Chex Inc ($181k) and Resalat Community Center ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. At year end it held assets of $78k against liabilities of $6,968, net assets of $71k.