Music Is Instrumental

Analysis

Music Is Instrumental is a registered charity in United States, based in Lincoln City, OR. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Is Instrumental reported income of $81k and spending of $29k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $81k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Music Is Instrumental sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within OR. Charities of a similar size with the same main cause include Freedom Village at Brandywine Scholarship Fund Inc ($81k), Caledonia Touchdown Club Inc ($81k) and Downtown Doral Charter Elementary School PTO ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.