American Musicological Society Inc

Analysis

American Musicological Society Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2015, 11 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 2023, American Musicological Society Inc reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 136%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Musicological Society Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Connecticut River Foundation at Steamboat Dock Inc ($1.5m), Opus Dance Theatre and Community Services Inc ($1.5m) and Young Audiences of Oregon Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $151k (10% of expenses). Other salaries and wages came to $214k. At year end it held assets of $9.7m against liabilities of $108k, net assets of $9.6m. It reported 7 employees.