San Diego Young Artists Music Academy Incorporated

Analysis

San Diego Young Artists Music Academy Incorporated is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 1998, 28 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 December 2023, San Diego Young Artists Music Academy Incorporated reported income of $131k and spending of $132k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $137k to $131k (-4.1%), an average of -4.1% a year. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Diego Young Artists Music Academy Incorporated sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Antique Caterpillar Machinery Owners Club ($131k), Christiansburg Institute Inc ($131k) and Hot Rhythm Foundation ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $67k against liabilities of $58k, net assets of $9,539.