Music Circle

Analysis

Music Circle is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in August 1982, 44 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 June 2023, Music Circle reported income of $150k and spending of $128k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $38k to $150k (+295%), an average of +58% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Music Circle sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Timberline Race Team Inc ($150k), Wunders Cemetery Association ($150k) and Volunteers of America Inc ($150k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.