MusiCares

Mission

MusiCares helps the humans behind music because music gives so much to the world. Offering preventive, emergency, and recovery programs, MusiCares is a safety net supporting the health and welfare of the music community. Founded by the Recording Academy in 1989 as a U.S. based, independent 501(c)(3) charity, MusiCares safeguards the well-being of all music people through direct financial grant programs, networks of support resources, and tailored crisis relief efforts. For more information please visit: www.musicares.org.

Vision

All music professionals are healthy and well, supported with the resources they need to continue to give music to the world.

Goals

1.Expand access to underserved communities, tailoring resources to meet their needs and target outreach to ensure all qualifying clients are aware of available services.
2.Grow the total amount of aid distributed, and increase preventive resources available to all at no cost.
3.Build an extraordinary and passionate team to deliver our mission.

Santa Monica CA | EIN: 95-4470909

Profile managed by nonprofit | Is this your nonprofit?

501(c)(3) organization

3030 Olympic Boulevard,
Santa Monica CA 90404

https://www.musicares.org/

800-687-4227

MusiCares

Mission

Vision

All music professionals are healthy and well, supported with the resources they need to continue to give music to the world.

Goals

1.Expand access to underserved communities, tailoring resources to meet their needs and target outreach to ensure all qualifying clients are aware of available services.
2.Grow the total amount of aid distributed, and increase preventive resources available to all at no cost.
3.Build an extraordinary and passionate team to deliver our mission.

Santa Monica CA | EIN: 95-4470909

Profile managed by nonprofit | Is this your nonprofit?

501(c)(3) organization

3030 Olympic Boulevard,
Santa Monica CA 90404

https://www.musicares.org/

800-687-4227

Beacon Report

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Good
Needs Improvement
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Not Scored
Additional Information

Program Expense Ratio:76.70% of total expenses

SCORE100%

Average percentage of expenses on programs and services over the past three years. A ratio greater than 70.00% receives full credit.

ExpensesFY2021

Administrative: 13.1%
Fundraising: 7.2%
Program: 79.6%

ExpensesFY2023

Administrative: 14.0%
Fundraising: 11.0%
Program: 74.9%

ExpensesFY2024

Administrative: 13.6%
Fundraising: 11.6%
Program: 74.8%

Administrative
Fundraising
Program

Source: Public data from IRS Form 990

Liabilities to Assets Ratio:3.21% of total assets

SCORE100%

Working Capital:2.46 years of reserves

SCORE100%

Fundraising Efficiency:$0.09 to raise a dollar

SCORE100%

Evaluation area metrics
Score	Metric
100%	Program Expense Ratio:76.70% of total expenses Average percentage of expenses on programs and services over the past three years. A ratio greater than 70.00% receives full credit. ExpensesFY2021 Administrative: 13.1% Fundraising: 7.2% Program: 79.6% ExpensesFY2023 Administrative: 14.0% Fundraising: 11.0% Program: 74.9% ExpensesFY2024 Administrative: 13.6% Fundraising: 11.6% Program: 74.8% Administrative Fundraising Program Source: Public data from IRS Form 990
100%	Liabilities to Assets Ratio:3.21% of total assets
100%	Working Capital:2.46 years of reserves
100%	Fundraising Efficiency:$0.09 to raise a dollar

Science behind the numbers

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Mission

Mission

Beacon Report