Music in Schools Today

Analysis

Music in Schools Today is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 1983, 43 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 January 2024, Music in Schools Today reported income of $312k and spending of $486k, spending 156% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $482k to $312k (-35%), an average of -10% a year. The sharpest change came in the year to January 2021, when income dropped by 57%. Over the whole period it spent 140% 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 Schools Today sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Miami Valley Ballet Theatre Inc ($312k), Leatherstocking Railway Historical Society Inc ($312k) and Fort Smith Museum of History ($312k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $106k (22% of expenses). Other salaries and wages came to $205k. At year end it held assets of $11k against liabilities of $539k, net assets of -$528k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.