South Hudson Music Project

Analysis

South Hudson Music Project is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Hudson Music Project reported income of $113k and spending of $122k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $113k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Hudson Music Project 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 40th percentile, and in the 36th percentile within WA. Charities of a similar size with the same main cause include Wat Buddharam of North Carolina ($113k), Lafayette Trail ($113k) and Kansas City Jazz Alive ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.