We Are All Music Foundation Inc

Analysis

We Are All Music Foundation Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in July 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, We Are All Music Foundation Inc reported income of $115k and spending of $55k, leaving 52% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $213k to $115k (-46%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, We Are All Music Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Beelzebubs Alumni Association Inc ($115k), Ithaca Festival Inc ($115k) and Greater Milford Area Historical Society Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.