Masterwork Music & Art Foundation is a 501(c)(3) organization based in Cranford, New Jersey, registered in 1978, with $56,405 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$56K
▲ 40.0% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$51K
Net assets
$1.0M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Masterwork Music & Art Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Masterwork Music & Art Foundation: 238 mo reserves · +9% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Masterwork Music & Art Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Masterwork Music & Art Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $41K (FY2020) to $56K (FY2023) across 4 reported years.
Financial snapshot
Operating margin
9.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.0M
Total liabilities
$0
Net assets
$1.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $56,405▲40.0% | $51,306▲41.7% | $1,018,297▲2.5% | $1,018,297▲2.5% | 990 |
| 2022 | $40,276▼1.1% | $36,216▼52.2% | $993,849▼1.9% | $993,849▼1.9% | 990 |
| 2021 | $40,728▲0.1% | $75,698▲80.3% | $1,013,069▼13.0% | $1,013,069▼13.2% | 990 |
| 2020 | $40,691 | $41,977 | $1,164,466 | $1,166,679 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Masterwork Music & Art Foundation (EIN 22-1717253) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.