American Society for the Royal Academy of Music Inc

Analysis

American Society for the Royal Academy of Music Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2015, 11 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 July 2023, American Society for the Royal Academy of Music Inc reported income of $528k and spending of $103, leaving 100% of income unspent that year. Across the 3 years on record, from July 2021 to July 2023, income grew from $332k to $528k (+59%), an average of +26% a year. The sharpest change came in the year to July 2023, when income rose by 51%. Over the whole period it spent 57% 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 Society for the Royal Academy of Music Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Saving the Blue Inc ($528k), Roots & Branches Conservancy ($528k) and Theatre South Playhouse Inc ($528k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $583k against liabilities of $0, net assets of $583k.