American Guild of Music

Analysis

American Guild of Music is a registered charity in United States, based in Ft Myers, FL. It received its IRS tax-exemption ruling in May 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, American Guild of Music reported income of $57k and spending of $61k, spending 106% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $58k to $57k (-1.6%), an average of -1.6% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Guild of Music sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Smooth Jazz for Scholars Inc ($57k), Livingston Neighbors Helping Neighbors Inc ($57k) and Southern New Mexico Radio Foundation ($57k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.