Aurora Music Foundation Inc

Analysis

Aurora Music Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1975, 51 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 June 2024, Aurora Music Foundation Inc reported income of $269k and spending of $13k, leaving 95% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $308k to $269k (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income dropped by 40%. Over the whole period it spent 6.9% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aurora Music Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Armenian Youth Federation ($269k), Continuing the Legacy Dance Foundation ($269k) and Brunswick Naval Aviation Museum ($269k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.