Marin Music Chest

Analysis

Marin Music Chest is a registered charity in United States, based in Ross, CA. It received its IRS tax-exemption ruling in April 1956, 70 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 December 2023, Marin Music Chest reported income of $77k and spending of $39k, leaving 50% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $68k to $77k (+12%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income dropped by 148%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marin Music Chest sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Kanawaha Valley of Old Time Music and Dance ($77k), Williams Care Homes Inc ($77k) and Granville Ohio Historical Society ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $490k against liabilities of $0, net assets of $490k.