Northwoods Music Collaborative Inc

Analysis

Northwoods Music Collaborative Inc is a registered charity in United States, based in Crystal Falls, MI. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northwoods Music Collaborative Inc reported income of $115k and spending of $78k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $115k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northwoods Music Collaborative 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 41st percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Community Players of Streator Inc ($115k), Sweet Adelines International ($115k) and Take It From the Top Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. At year end it held assets of $186k against liabilities of $0, net assets of $186k.