Center for World Music

Analysis

Center for World Music is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 1965, 61 years ago. 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 2023, Center for World Music reported income of $712k and spending of $588k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $393k to $712k (+81%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 121%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for World Music sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Valparaiso Parks and Recreation Foundation Inc ($711k), Witness to Love Marriage Prep Renewal Ministry ($712k) and Student Senate of the State Univ of Ny Agricultura & Tech Et Al ($711k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 41% of the total. Other salaries and wages came to $324k. At year end it held assets of $549k against liabilities of $0, net assets of $549k. It reported 27 employees.