Musical Creators Institute Inc

Analysis

Musical Creators Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2023, 3 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 June 2024, Musical Creators Institute Inc reported income of $72k and spending of $81k, spending 113% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $28k to $72k (+162%), an average of +162% a year. The sharpest change came in the year to June 2024, when income rose by 162%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musical Creators Institute Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include National Railway Historical Society Pacific Northwest Chapter ($72k), Civic Life Project Inc ($72k) and North End Cultural Center Inc ($72k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $4,968 against liabilities of $0, net assets of $4,968.