Music of Remembrance

Analysis

Music of Remembrance is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1998, 28 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, Music of Remembrance reported income of $591k and spending of $678k, spending 115% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $403k to $591k (+47%), an average of +10% a year. The sharpest change came in the year to August 2022, when income rose by 212%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music of Remembrance sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within WA. Charities of a similar size with the same main cause include Piast Institute ($591k), Youth Theater Northwest ($591k) and Lni ($591k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $85k (13% of expenses). Other salaries and wages came to $58k. It paid $84k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $10k, net assets of $1.4m. It reported 3 employees.