Musically Fed

Analysis

Musically Fed is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Musically Fed reported income of $314k and spending of $192k, leaving 39% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $258k to $314k (+22%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Musically Fed sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within AZ. Charities of a similar size with the same main cause include African-American Advocacy Center for Persons with Disabilities Inc ($314k), David Johnsons Mission 31 Foundation Inc ($314k) and Boost a Foster Family Inc ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $67k (35% of expenses). Other salaries and wages came to $38k. At year end it held assets of $386k against liabilities of $0, net assets of $386k. It reported 5 employees.