Major Chords for Minors

Analysis

Major Chords for Minors is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in July 2011, 15 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 (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, Major Chords for Minors reported income of $147k and spending of $145k, spending 98% of its income. Across the 3 years on record, from December 2018 to December 2023, income grew from $83k to $147k (+77%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Major Chords for Minors sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Southern New Hampshire Youth Ballet ($147k), American French Genealogical Society ($147k) and German Cultural Foundation ($147k).

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 $18k against liabilities of $12k, net assets of $6,047.