Music Moves Ltd

Analysis

Music Moves Ltd is a registered charity in United States, based in Springdale, AR. It received its IRS tax-exemption ruling in August 2021, 5 years ago. 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 Moves Ltd reported income of $589k and spending of $1.1m, spending 188% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $171k to $589k (+244%), an average of +86% a year. The sharpest change came in the year to December 2022, when income rose by 554%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Music Moves Ltd sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within AR. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Northwestern Wisconsin Inc ($589k), Montagnard Association of North Carolina Inc ($589k) and Lake Country Swim Team Ltd ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $155k. At year end it held assets of $15k against liabilities of $101k, net assets of -$85k. It reported 4 employees.