Musicscores Violin Inc

Analysis

Musicscores Violin Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in February 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, Musicscores Violin Inc reported income of $62k and spending of $43k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1,000 to $62k (+6102%), an average of +688% a year. The sharpest change came in the year to December 2022, when income rose by 13260%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musicscores Violin Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Tango by the River Inc ($62k), American Journal of Economics and Sociology Inc ($62k) and Goat on a Boat Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.