New Energy Music

Analysis

New Energy Music is a registered charity in United States, based in West Chester, PA. It received its IRS tax-exemption ruling in October 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, New Energy Music reported income of $61k and spending of $67k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $61k (+0.4%), an average of +0.4% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Energy Music sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within PA. Charities of a similar size with the same main cause include Friends of Westwoods Council on Aging Inc ($61k), New Bremen Historic Association ($61k) and Robert Gardner Millcreek Pioneer Home ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,985 against liabilities of $222, net assets of $4,763.