The Music Machine Inc

Analysis

The Music Machine Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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, The Music Machine Inc reported income of $63k and spending of $67k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $63k (+41%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Music Machine Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 19th percentile within AK. Charities of a similar size with the same main cause include Bandon Historical Society ($63k), Riverside Elementary School Parent Teacher Organization Inc ($63k) and Hicksville Community Service Center Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 58% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.