Mac Davis Museum and Academy of Songwriting Inc

Analysis

Mac Davis Museum and Academy of Songwriting Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Mac Davis Museum and Academy of Songwriting Inc reported income of $162k and spending of $75k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1,004 to $162k (+16063%), an average of +16063% a year. The sharpest change came in the year to December 2023, when income rose by 16063%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mac Davis Museum and Academy of Songwriting Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Habitat for Neighborhood Business ($162k), Better Ponca Foundation Inc ($162k) and New Hampshire Alliance of Regional Development Corporations Inc ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.