Archive of Contemporary Music

Analysis

Archive of Contemporary Music is a registered charity in United States, based in Staatsburg, NY. It received its IRS tax-exemption ruling in November 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Archive of Contemporary Music reported income of $364k and spending of $326k, spending 90% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $164k to $364k (+122%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 106%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Archive of Contemporary Music sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Womens Fund Southcoast ($364k), North Idaho Learning Center Inc ($364k) and Augustana Lutheran Homes Inc ($364k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (33% of expenses). Other salaries and wages came to $104k. At year end it held assets of $159k against liabilities of $47k, net assets of $112k. It reported 3 employees.