Childrens Music Fund

Analysis

Childrens Music Fund is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Childrens Music Fund reported income of $169k and spending of $128k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $236k to $169k (-28%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Music Fund sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Haven Universe Inc ($169k), Starting with a Penney ($169k) and Joseph Thomas Foundation ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $75k. At year end it held assets of $465k against liabilities of $0, net assets of $465k. It reported 1 employees.