Music Education Initiative

Analysis

Music Education Initiative is a registered charity in United States, based in Rogers, AR. It received its IRS tax-exemption ruling in May 2021, 5 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 Education Initiative reported income of $351k and spending of $239k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $124k to $351k (+182%), an average of +182% a year. The sharpest change came in the year to December 2023, when income rose by 182%. Over the whole period it spent 74% 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 Education Initiative sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within AR. Charities of a similar size with the same main cause include Stagelight Family Productions ($351k), Boardman Band and Orchestra Parents Inc ($351k) and Dance Now Ensemble Inc ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $273k against liabilities of $6,240, net assets of $266k.