Crescendo Academy of Music Inc

Analysis

Crescendo Academy of Music Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in November 1988, 38 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Crescendo Academy of Music Inc reported income of $747k and spending of $747k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $618k to $747k (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Crescendo Academy of Music Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Oak Park Preschool Inc ($747k), The Open Door of Perquimans County Inc ($747k) and Nashville Shakespeare Festival ($747k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 76% of the total. Other salaries and wages came to $451k. At year end it held assets of $577k against liabilities of $53k, net assets of $524k. It reported 46 employees.