Music Arts and Community Los Angeles

Analysis

Music Arts and Community Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2020, 6 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, Music Arts and Community Los Angeles reported income of $776k and spending of $829k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $286k to $776k (+171%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music Arts and Community Los Angeles sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include National Society of the Colonial Dames of Amer in the State of NC ($775k), Judaism & Democracy Action Alliance of North America Inc ($776k) and The Womans Exchange ($775k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $114k (14% of expenses). Other salaries and wages came to $245k. At year end it held assets of $230k against liabilities of $19k, net assets of $211k. It reported 20 employees.