Musical Merit Foundation of Greater San Diego

Analysis

Musical Merit Foundation of Greater San Diego is a registered charity in United States, based in Lakeside, CA. It received its IRS tax-exemption ruling in May 1948, 78 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Musical Merit Foundation of Greater San Diego reported income of $169k and spending of $179k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $169k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 291%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Musical Merit Foundation of Greater San Diego sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Act Out Theatre Company ($169k), Tri-Motor Heritage Foundation ($169k) and Living Waters International ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.