Little Musicians Academy USA

Analysis

Little Musicians Academy USA is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Little Musicians Academy USA reported income of $136k and spending of $108k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $136k (+6.5%), an average of +6.5% a year. Over the whole period it spent 67% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Little Musicians Academy USA sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Yuma Boys Baseball League ($136k), World Class Gymnastics Too Parents Association ($136k) and Rogers Otsego Softball Association ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.