Urban Arts Music

Analysis

Urban Arts Music is a registered charity in United States, based in Denver, CO. 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, Urban Arts Music reported income of $77k and spending of $84k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $92k to $77k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Urban Arts Music sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within CO. Charities of a similar size with the same main cause include Cocheco Quilters Guild ($77k), Abilene Opera Association Inc ($77k) and Reut Miami Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $9,015 against liabilities of $0, net assets of $9,015.