Music at Kohl Mansion Inc

Analysis

Music at Kohl Mansion Inc is a registered charity in United States, based in Burlingame, CA. It received its IRS tax-exemption ruling in June 1992, 34 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Music at Kohl Mansion Inc reported income of $337k and spending of $340k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $501k to $337k (-33%), an average of -9.5% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 102% 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 at Kohl Mansion Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Riverton Steamboat Landing Foundation a New Jersey Nonprofit ($337k), Sisters in Cinema ($337k) and Methuen Memorial Music Hall Inc ($337k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $90k (27% of expenses). Other salaries and wages came to $79k. At year end it held assets of $426k against liabilities of $11k, net assets of $415k. It reported 8 employees.