Arts, Culture, Humanities : Performing Arts

MusiCares

Ensuring that music people have a place to turn in times of financial, medical or personal crisis

four stars

91.23

3030 Olympic Boulevard Santa Monica, CA 90404
tel: (310) 392-3777   Web Site
EIN: 95-4470909

Board Leadership
Michael McDonald
Chair

CEO
Neil Portnow
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 91.23 four stars
  Financial 94.28 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 02/01/2018 and includes data from FY2016, the most recent 990 received at that time.

Established in 1989 by The Recording Academy, MusiCares provides a safety net of critical assistance for music people in times of need. MusiCares' services and resources cover a wide range of financial, medical and personal emergencies, and each case is treated with integrity and confidentiality. MusiCares also focuses the resources and attention of the music industry on human service issues that directly impact the health and welfare of the music community. MusiCares programs include emergency financial assistance for struggling music people; addiction recovery support groups; and outreach activities to educate members of the music industry and the public-at-large about available human service opportunities.

Established in 1989 by The Recording Academy, MusiCares provides a safety net of critical assistance for music people in times of need. MusiCares' services and resources cover a wide range of financial, medical and personal emergencies, and each case is treated with integrity and confidentiality. MusiCares also focuses the resources and attention of the music industry on human service issues that directly impact the health and welfare of the music community. MusiCares programs include emergency financial assistance for struggling music people; addiction recovery support groups; and outreach activities to educate members of the music industry and the public-at-large about available human service opportunities.

Financial

four stars

94.28

Accountability & Transparency

three stars

89.00

This rating was published 02/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
78.9%
  Administrative Expenses 9.7%
  Fundraising Expenses 11.2%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 2.74
  Program Expenses Growth 6.5%
  Liabilities to Assets 4.5%
All data for Financial Performance Metrics calculations was provided by MusiCares on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by MusiCares on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,430,343
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $10,561,098
   Related Organizations $0
   Government Grants $0
Total Contributions $13,991,441
   Program Service Revenue $0
Total Primary Revenue $13,991,441
   Other Revenue $-4,628,127
TOTAL REVENUE $9,363,314
   
EXPENSES  
   Program Expenses $6,630,254
   Administrative Expenses $806,836
   Fundraising Expenses $980,429
TOTAL FUNCTIONAL EXPENSES $8,417,519
   
Payments to Affiliates $0
Excess (or Deficit) for the year $945,795
   
Net Assets $22,015,098

Charts

Compensation % of Expenses Paid to Title
Not compensated -- Neil Portnow President, CEO
Other Salaries of Note
$166,644 1.97% Judy Wong Vice President
$140,137 1.66% Debbie Carroll Executive Director - HHS
$127,592 1.51% Dana Tomarken Vice President
$126,529 1.50% Scott Goldman Vice President
$110,416 1.31% Harold Owens Senior Director - HHS

Mission

Established in 1989 by The Recording Academy, MusiCares provides a safety net of critical assistance for music people in times of need. MusiCares' services and resources cover a wide range of financial, medical and personal emergencies, and each case is treated with integrity and confidentiality. MusiCares also focuses the resources and attention of the music industry on human service issues that directly impact the health and welfare of the music community. MusiCares programs include emergency financial assistance for struggling music people; addiction recovery support groups; and outreach activities to educate members of the music industry and the public-at-large about available human service opportunities.

Highly Rated

Charity Name & State Overall Score Overall Rating
MusiCares (CA) 91.23 four stars
OPERA America (NY) 91.01 four stars
United Arts Council of Greater Greensboro (NC) 86.44 three stars
HERE (NY) 90.80 four stars
America-Israel Cultural Foundation (NY) 89.79 three stars

Compare These Charities (Highly Rated)

Charity Contact Info

MusiCares
3030 Olympic Boulevard
Santa Monica, CA 90404
tel: (310) 392-3777
fax: (310) 392-2187
EIN: 95-4470909

Visit Web Site

Board Leadership

Michael McDonald
Chair

CEO

Neil Portnow
President & CEO