Academy of Music for the Blind

Analysis

Academy of Music for the Blind is a registered charity in United States, based in Monrovia, CA. It received its IRS tax-exemption ruling in June 2005, 21 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 (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 2023, Academy of Music for the Blind reported income of $228k and spending of $200k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $452k to $228k (-49%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 68%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Academy of Music for the Blind sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Mount Vernon Community Childrens Theatre ($228k), North Carolina International Folk Festival Inc ($228k) and Art Council of Southwest Florida Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $51k (26% of expenses). Other salaries and wages came to $79k. At year end it held assets of $390k against liabilities of $0, net assets of $390k.