Columbus Music and Art Academy

Analysis

Columbus Music and Art Academy is a registered charity in United States, based in Dublin, OH. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Columbus Music and Art Academy reported income of $327k and spending of $347k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $385k to $327k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Columbus Music and Art Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Whitewater Community Television Inc ($327k), Western Museums Association ($327k) and Fox River Trolley Association Inc ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $134k (39% of expenses). At year end it held assets of $173k against liabilities of $0, net assets of $173k.