Music Company TMC

Analysis

Music Company TMC is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 2022, 4 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 Company TMC reported income of $157k and spending of $146k, spending 93% of its income. The sharpest change came in the year to December 2022, when income rose by 164%. Over the whole period it spent 96% 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 Company TMC sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Ypc National Inc ($157k), Morro Bay Maritime Museum ($157k) and Screenwriters Colony Inc ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.