Music for Movements Inc

Analysis

Music for Movements Inc is a registered charity in United States, based in W Hollywood, CA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. 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, Music for Movements Inc reported income of $79k and spending of $63k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $109k to $79k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Music for Movements Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include PTA Texas Congress ($79k), Pharmacists Mutual Foundation Inc ($79k) and Accelerate the Cure Inc ($79k).

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 $16k against liabilities of $5,000, net assets of $11k.