Tanner Gift of Music Trust

Analysis

Tanner Gift of Music Trust is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in August 1983, 43 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tanner Gift of Music Trust reported income of $113k and spending of $245k, spending 216% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $130k to $113k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2022, when income rose by 92%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tanner Gift of Music Trust sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within UT. Charities of a similar size with the same main cause include Golden Tones Inc ($113k), Ka Leo O Laka I Ka Hikina O Ka LA ($113k) and Francis Hardy Gallery Inc of Door County ($113k).

Compensation of current officers, directors and key employees was $26k (11% of expenses). Other salaries and wages came to $8,500. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 1 employees.