Musica Angelica

Analysis

Musica Angelica is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 2017, 9 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 June 2023, Musica Angelica reported income of $603k and spending of $719k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $589k to $603k (+2.4%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income dropped by 37%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musica Angelica sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Historic Fort Worth Inc ($603k), Minnesota Prison Writing Workshop ($603k) and Perlan Project Inc ($603k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $105k (15% of expenses). Other salaries and wages came to $53k. At year end it held assets of $71k against liabilities of $4,455, net assets of $67k. It reported 3 employees.