Highlights
- Music Serving the Word Ministries reported TY2023 revenue of $3,774,640, up 27% from $2,970,388 in TY2022.
- Expenses of $5,022,812 exceeded revenue by $1.25 million, continuing a two-year drawdown of the organization's asset base.
- Total assets fell to $26,210,372 in TY2023 from a TY2021 peak of $28,842,868, a decline of roughly $2.6 million over two years.
- The Scottsdale-based 501(c)(3) reported zero officer compensation across all three years on file.
Music Serving the Word Ministries, the Scottsdale private foundation that operates Ravenscroft, an arts venue at 8445 E. Hartford Dr., reported TY2023 revenue of $3,774,640, a 27% increase over the $2,970,388 it collected in TY2022, according to IRS Form 990 data published by ProPublica Nonprofit Explorer.
The revenue rebound did not close the gap with spending. Expenses reached $5,022,812 in TY2023, leaving the organization with a $1.25 million operating shortfall for the year. That follows a $1.39 million shortfall in TY2022. The two consecutive deficit years have drawn down the foundation's asset base from $28,842,868 at the close of TY2021 to $26,210,372 at the close of TY2023.
The pattern is a reversal from TY2021, when the ministry collected $7,883,735 in revenue against $2,654,610 in expenses, generating a surplus that built the asset base. The source of that TY2021 revenue spike is not disclosed in the 990 summary data.
Officer compensation was reported at zero across all three years on file, a figure consistent with the organization's classification as a family foundation, according to the Foundation Directory profile maintained by Candid.
Cause IQ's profile of the organization describes Ravenscroft as hosting more than 90 public events in 2024, ranging from jazz to chamber music, and notes a Valley Jazz Cooperative program that served 39 students from 15 area high schools that year. The ministry was formed in 2007 and employs five people.
Who controls the foundation's assets?
The 990 summary data available through ProPublica does not name individual officers or directors, and the principals behind the organization are not yet disclosed in the public records reviewed for this article. The Foundation Directory lists the organization's phone as 480-575-1303 and its website as musicservingtheword.org.
The full TY2023 Form 990, which would name officers, directors, and any related-party transactions, is available through the IRS or ProPublica's document archive for EIN 26-0694098.
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- ProPublica Nonprofit Explorer retrieved 01/06/2026 15:06
- fconline.foundationcenter.org retrieved 01/06/2026 15:06
- causeiq.com retrieved 01/06/2026 15:06
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 01/06/2026 15:06. Every claim traces to a source.
