Music in the Mountains

Analysis

Music in the Mountains is a registered charity in United States, based in Nevada City, CA. It received its IRS tax-exemption ruling in September 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 (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, Music in the Mountains reported income of $779k and spending of $887k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $707k to $779k (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 96% 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 in the Mountains sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include American Institute of Musical Studies Fund ($779k), Adams County Arts Council ($779k) and American Swedish Historical Foundation ($778k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $134k (15% of expenses). Other salaries and wages came to $294k. At year end it held assets of $715k against liabilities of $143k, net assets of $572k. It reported 126 employees.