Nine Muses Foundation

Analysis

Nine Muses Foundation is a registered charity in United States, based in Tarrytown, NY. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Nine Muses Foundation reported income of $220k and spending of $797k, spending 362% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $839k to $220k (-74%), an average of -74% a year. The sharpest change came in the year to December 2023, when income dropped by 74%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nine Muses Foundation 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 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($220k), Jefferson Volunteer Fire Company ($220k) and Junior League of Panama City Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $149k (19% of expenses). Other salaries and wages came to $216k. At year end it held assets of $5,341 against liabilities of $625, net assets of $4,716. It reported 1 employees.