American Musical Instrument Society Inc

Analysis

American Musical Instrument Society Inc is a registered charity in United States, based in Ipswich, MA. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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, American Musical Instrument Society Inc reported income of $54k and spending of $67k, spending 125% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $60k to $54k (-9.9%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Musical Instrument Society Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Kallol of New Jersey ($54k), PTA Georgia Congress ($54k) and Menomonee Falls Pre-School Corporation ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.1% and program service revenue 57% of the total. At year end it held assets of $421k against liabilities of $0, net assets of $421k.