Maestra Music Inc

Analysis

Maestra Music Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 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, Maestra Music Inc reported income of $991k and spending of $1.0m, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $209k to $991k (+374%), an average of +118% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maestra Music Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Willowbrook Center for the ($991k), BCT Management Inc ($991k) and Rise and Remember ($991k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $78k (7.7% of expenses). Other salaries and wages came to $311k. At year end it held assets of $103k against liabilities of $0, net assets of $103k. It reported 11 employees.