Spire Music

Analysis

Spire Music is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in January 2001, 25 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, Spire Music reported income of $165k and spending of $121k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $144k to $165k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 376%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spire Music sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within AZ. Charities of a similar size with the same main cause include San Antonio Symphony League ($165k), New Bedford Museum of Glass Inc ($165k) and Pull Tight Players Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 79% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.