DEMOGRAPHIC
ADDRESS
5524 BEE CAVES RD SUITE K-1
78746
COUNTY
travis county, TX
IN CARE OF NAME
JOSEPH STALLONE
ORGANIZATIONAL OVERVIEW & RANKINGS
GROUNDED IN MUSIC INC is a based in AUSTIN, TX, focused on Arts, Culture and Humanities causes , specifically Music. Established in June 2007, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $24,542.00, this ranks 639,261 among 2,656,690 nonprofits nationally (Top 25%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 42,335 out of 202,022 organizations in TX (Top 21%).
In travis county, TX, the organization ranks 3,115 out of 12,205 nonprofits by assets (Top 26%), while locally in austin, it stands at 2,956 among 11,400 organizations (Top 26%).
The organization reported annual revenue of $15,508.00, ranking 574,289 nationally (Top 22%) and 36,864 in TX (Top 19%).
Within its specific NTEE classification (A68 - A: Arts, Culture and Humanities), which includes 7,710 similar organizations, GROUNDED IN MUSIC INC ranks 1,233 in assets (Top 16%) and 1,566 in revenue (Top 21%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2023 .
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A68: Music
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Monday, May 15, 2023;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2019
ACCOUNTING PERIOD
12
INCOME CODE
6: $1,000,000 to $4,999,999
INCOME AMOUNT
$1,315,644.00
FORM 990 REVENUE AMOUNT
$15,508.00
RULING DATE
06/2007
ASSET CODE
2: $10,000 to $24,999
ASSET AMOUNT
$24,542.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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