Automatic Musical Instrument Collectors Association

Analysis

Automatic Musical Instrument Collectors Association is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in May 1974, 52 years ago. 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, Automatic Musical Instrument Collectors Association reported income of $105k and spending of $120k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $105k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Automatic Musical Instrument Collectors Association sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Cambridge Springs Public Library Association ($105k), Missouri Art Education Association ($105k) and Camden-Jackson Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $254k against liabilities of $0, net assets of $254k.