Music Helps EIN 61-2088527 Form 990 (PDF) Claim this org

Music Helps

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Music Helps is an arts and culture nonprofit based in Austin, TX, formed in 2023. For fiscal year 2024 it reported $461K in revenue, $352K in expenses, and $166K in net assets.Pt I

Founded
2023
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Austin, TX
Website
musichelpsatx.org
Filings
2 on file (2023–2024)
Revenue
$461KFY2024
Expenses
$352K
Net assets
$166K
People
4
Filings
2
Updates
0
More identity details & actions ⌄
EIN  61-2088527 Public charity (501(c)(3)) Austin, TX Founded 2023
Form 990 (PDF)
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Size
$100K–1M
What they do
an arts and culture nonprofit
Leadership
Andrea Magee · Executive Director · $22K
Money in and out
$461K revenue, $352K expenses
Bottom line
83% program efficiency
Where the money goes · FY2024
Total revenue
$461K
Pt VIII · Ln 12
Total expenses
$352K
Pt IX · Ln 25
Net assets
$166K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $109K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.06 Fundraising $0.11
Program efficiency
83%
of spending reaches programs
Operating runway
7.5mo
months of highly liquid reserves at operating expense rate▲ +23% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▼ -29% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$461K
FY2024▲ +175%
Total revenue
$461K
Pt VIII · Ln 12
Total expenses
$352K
Pt IX · Ln 25
Net assets
$166K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$109K
Total assetsPt X · Ln 16$219K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMusic Helps
EINHdr · item D61-2088527
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jmusichelpsatx.org
Year of formationHdr · item L2023
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFMay 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$22,440Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A

Andrea Magee’s $22K as Executive Director is at the 18th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Andrea Magee$22,440$18,100

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $291K of program spending, described in the organization's own filed words · FY2024.
01

Music festival with all-female lineup with a mission to support women in the music industry, and to be a transformative celebration of women in music.

$182Kprogram expense
02

Music programs for traumatized children at Helping Hands Childrens Home

$109Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$461K
Investment income$21
Total revenueLn 12$461K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.06 Fundraising $0.11
Program services83%$291K
Management & general6%$21K
Fundraising11%$39K
Total functional expensesLn 25$352K

Balance Sheet

Part X · end of year
CashLn 1$219K
Total assetsLn 16$219K
Total liabilitiesLn 26$53K
Total net assetsLn 32$166K
Months of cash on handcomputed7.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $219K · Operating expenses/yr $352K
7.5 months
Where the money goes
Program services
Program services $291K · Total expenses $352K
83%
Management & General
Management & general $21K · Total expenses $352K
6%
Fundraising
Fundraising $39K · Total expenses $352K
11%
Cost to raise $1
Fundraising expense $39K · Solicited contributions $461K
$0.09 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $461K · Total revenue $461K
100%
Government reliance
Government grants — · Total revenue $461K
Earned-income share
Program service revenue $0 · Total revenue $461K
0%
Investment reliance
Investment income $21 · Total revenue $461K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $352K
0%
Growth & trend
Revenue growth (YoY)
This year $461K · Prior year $168K
+175%
Net-asset trend (YoY)
End of year $166K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $461K · Expenses $352K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $219K
Net-asset ratio
Net assets $166K · Total assets $219K
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $219K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Andrea Magee · Reported title Executive Director · Highest reported compensation $22K · Total expenses $352K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41K · Total expenses $352K
12%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 6%
Fundraising cost ratio 9%
Revenue growth 175%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$461K revenue · viewing · ⤓ 990 PDF
FY2023$168K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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