Halcyon Music

Analysis

Halcyon Music is a registered charity in United States, based in Owls Head, ME. It received its IRS tax-exemption ruling in January 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Halcyon Music reported income of $100k and spending of $62k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $100k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Halcyon Music sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 30th percentile within ME. Charities of a similar size with the same main cause include Institute for Holocaust Research and Education ($100k), Community Film Workshop of Chicago ($100k) and Mel-Hi Band Parents Association Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.