MISSION
To provide mentorship programs, annual scholarship opportunities and professional after school services to youth who reside in communities affected by economic hardships that have collegiate aspiration in music.
DEMOGRAPHIC
ADDRESS
147 PRINCE ST STE 17
11201
COUNTY
kings county, NY
IN CARE OF NAME
ISAIAH GRIGG
ORGANIZATIONAL OVERVIEW & RANKINGS
MUSICBREEDS INC is a based in BROOKLYN, NY, focused on Arts, Culture and Humanities causes , specifically Music. Established in May 2019, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $65,809.00, this ranks 544,751 among 2,656,690 nonprofits nationally (Top 21%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 42,134 out of 159,053 organizations in NY (Top 27%).
In kings county, NY, the organization ranks 3,497 out of 18,995 nonprofits by assets (Top 19%), while locally in brooklyn, it stands at 3,484 among 18,866 organizations (Top 19%).
The organization reported annual revenue of $101,436.00, ranking 391,456 nationally (Top 15%) and 28,187 in NY (Top 18%).
Within its specific NTEE classification (A68 - A: Arts, Culture and Humanities), which includes 7,710 similar organizations, MUSICBREEDS INC ranks 825 in assets (Top 11%) and 868 in revenue (Top 12%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2018 and was reinstated on May 15, 2018 .
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
Revoked: Tuesday, May 15, 2018;
Reinstated: Tuesday, May 15, 2018
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$101,436.00
FORM 990 REVENUE AMOUNT
$101,436.00
RULING DATE
05/2019
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$65,809.00
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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