B H Music Center

Analysis

B H Music Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1996, 30 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 August 2023, B H Music Center reported income of $6.6m and spending of $5.9m, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.6m to $6.6m (+154%), an average of +26% a year. The sharpest change came in the year to August 2023, when income rose by 169%. Over the whole period it spent 191% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, B H Music Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include MK Level Playing Field Institute ($6.6m), Nashville Public Television Inc ($6.6m) and Heritage Plantation of Sandwich Inc ($6.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 73% and program service revenue 29% of the total. Other salaries and wages came to $622k. At year end it held assets of $54.1m against liabilities of $2.5m, net assets of $51.6m. It reported 8 employees.