Music for Minors Inc

Analysis

Music for Minors Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 1978, 48 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 2023, Music for Minors Inc reported income of $2.0m and spending of $2.6m, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.0m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 100% 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 for Minors Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include American Composers Orchestra Inc ($2.0m), Avalon Theatre Project Inc ($2.0m) and Center for the Arts Evergreen Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $177k (6.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $280k against liabilities of $101k, net assets of $179k. It reported 77 employees.