South Indian Music Academy

Analysis

South Indian Music Academy is a registered charity in United States, based in Bellflower, CA. It received its IRS tax-exemption ruling in December 1991, 35 years ago. 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, South Indian Music Academy reported income of $87k and spending of $76k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $87k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Indian Music Academy sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Amboy Territorial Days Assn ($87k), Brian Farley Ministries ($87k) and Virginia Congress of Parents and Teachers ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 10% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.