Anthology of Recorded Music Inc

Analysis

Anthology of Recorded Music Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in November 1993, 33 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 June 2023, Anthology of Recorded Music Inc reported income of $331k and spending of $549k, spending 166% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $331k (-70%), an average of -26% a year. The sharpest change came in the year to June 2022, when income dropped by 58%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Anthology of Recorded Music Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Valley of the Moon Music Festival ($331k), Scripps Ranch Theatre ($331k) and Schmahl Science Workshops ($331k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $153k (28% of expenses). Other salaries and wages came to $117k. At year end it held assets of $279k against liabilities of $422k, net assets of -$142k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.