Ankeny Instrumental Music Foundation Inc

Analysis

Ankeny Instrumental Music Foundation Inc is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ankeny Instrumental Music Foundation Inc reported income of $104k and spending of $104k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $97k to $104k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ankeny Instrumental Music Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within IA. Charities of a similar size with the same main cause include Mothers Club of Grosse Pointe South High School ($104k), Terra Linda Scholarship Foundation ($104k) and Children & Teachers Foundation of the Chicago Teachers Union ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $685k against liabilities of $3,131, net assets of $682k.