Academy of Music Outreach

Analysis

Academy of Music Outreach is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in August 2010, 16 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, Academy of Music Outreach reported income of $265k and spending of $295k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $306k to $265k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Academy of Music Outreach sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Friends of the Kotzschmar Organ Inc ($265k), Stowe Performing Arts Inc ($265k) and Founding President Syngman Rhee Society ($265k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $84k (28% of expenses). Other salaries and wages came to $102k. At year end it held assets of $148k against liabilities of $195k, net assets of -$48k. It reported 12 employees.