Base Academy of Music

Analysis

Base Academy of Music is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, Base Academy of Music reported income of $180k and spending of $215k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $162k to $180k (+12%), an average of +12% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Base Academy of Music 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 51st percentile, and in the 49th percentile within MO. Charities of a similar size with the same main cause include Precision Metalforming Association Educational Foundation ($180k), New Dialect ($180k) and Christmas Light Up Celebration Inc ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.