Sacramento Institute for Music and the Arts

Analysis

Sacramento Institute for Music and the Arts is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in February 2016, 10 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 July 2023, Sacramento Institute for Music and the Arts reported income of $53k and spending of $63k, spending 117% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $56k to $53k (-4.9%), an average of -4.9% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sacramento Institute for Music and the Arts sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Pejepscot Endowment Trust ($53k), Culture and Heritage Alliance ($54k) and Mayville Limestone School Museum Inc ($53k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $18k against liabilities of $189, net assets of $17k.