American Composers Forum

Analysis

American Composers Forum is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1976, 50 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, American Composers Forum reported income of $1.6m and spending of $1.8m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.6m (+47%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 81%. Over the whole period it spent 116% 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 Composers Forum sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Association for Education in Journalism and Mass Communication ($1.6m), Country Dance & Song Society Inc ($1.6m) and Boston Modern Orchestra Project Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $208k (12% of expenses). Other salaries and wages came to $602k. At year end it held assets of $9.6m against liabilities of $647k, net assets of $8.9m. It reported 12 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.