Aston Magna Foundation for Music and the Humanities Inc

Analysis

Aston Magna Foundation for Music and the Humanities Inc is a registered charity in United States, based in GT Barrington, MA. It received its IRS tax-exemption ruling in December 1972, 54 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 September 2023, Aston Magna Foundation for Music and the Humanities Inc reported income of $340k and spending of $279k, spending 82% of its income. Across the 4 years on record, from September 2019 to September 2023, income fell from $347k to $340k (-1.9%), an average of -0.7% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aston Magna Foundation for Music and the Humanities Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Black School Inc ($340k), Tracing Patterns Foundation ($340k) and Concord Community TV CCTV ($340k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $76k (27% of expenses). At year end it held assets of $150k against liabilities of $201, net assets of $150k.