Musd Holding Corp

Analysis

Musd Holding Corp is a registered charity in United States, based in Madera, CA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Musd Holding Corp reported income of $453k and spending of $1.4m, spending 306% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $28.9m to $453k (-98%), an average of -75% a year. The sharpest change came in the year to June 2022, when income dropped by 98%. Over the whole period it spent 14% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Musd Holding Corp sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Aviation Career Enrichment Inc ($453k), Pia Schools Association ($453k) and West Adams Inc ($453k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $35.3m against liabilities of $9.3m, net assets of $26.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.