Community Music Center

Analysis

Community Music Center is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1942, 84 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 June 2023, Community Music Center reported income of $8.4m and spending of $7.2m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $8.4m (+2.6%), an average of +0.6% a year. The sharpest change came in the year to June 2020, when income dropped by 24%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Music Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Holocaust Memorial Resource and Education Center of Florida Inc ($8.4m), Kanu O Ka Aina Learning Ohana ($8.4m) and Civic Center Foundation ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $173k (2.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $16.9m against liabilities of $11.8m, net assets of $5.1m. It reported 142 employees.