American Musical & Dramatic Academy

Analysis

American Musical & Dramatic Academy is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1964, 62 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, American Musical & Dramatic Academy reported income of $110.1m and spending of $110.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $96.6m to $110.1m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Musical & Dramatic Academy sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include The Thresholds ($109.8m), Alvernia University ($110.6m) and Sutter Insurance Services Corporation ($109.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.9m (1.8% of expenses). Other salaries and wages came to $37.3m. At year end it held assets of $195.5m against liabilities of $156.6m, net assets of $38.9m. It reported 1,617 employees.