Do Re Mi Gospel Music Academy Inc

Analysis

Do Re Mi Gospel Music Academy Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in August 2006, 20 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, Do Re Mi Gospel Music Academy Inc reported income of $135k and spending of $71k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $135k (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Do Re Mi Gospel Music Academy Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include Dancessence Inc ($135k), Museum of the Kansas National Guard Inc ($135k) and Carlton Observatory ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 43% of the total. At year end it held assets of $615k against liabilities of $169k, net assets of $446k.