Association for Recorded Sound Collections Inc

Analysis

Association for Recorded Sound Collections Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in April 1970, 56 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 December 2023, Association for Recorded Sound Collections Inc reported income of $112k and spending of $123k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $112k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Association for Recorded Sound Collections Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include Riverhead Shelter Volunteer Program Inc ($112k), Interacademy Partnership Inc ($112k) and Summer Festival of the Arts ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 30% of the total. At year end it held assets of $294k against liabilities of $0, net assets of $294k.