Makingmusica Inc

Analysis

Makingmusica Inc is a registered charity in United States, based in Mountain Center, CA. It received its IRS tax-exemption ruling in June 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 June 2023, Makingmusica Inc reported income of $83k and spending of $89k, spending 108% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $70k to $83k (+18%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Makingmusica Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include The Rock Club-Music Is the Remedy ($83k), Hyde Collection Trust Special Trust Fund ($83k) and J D Martinez Ministries ($83k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.