Aimusic US

Analysis

Aimusic US is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in December 2015, 11 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Aimusic US reported income of $495k and spending of $493k, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $497k to $495k (-0.4%), an average of -0.1% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aimusic US sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Situation Project Inc ($495k), Orpheus Club of Philadelphia ($495k) and African American Cultural Center and Museum Inc ($495k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $155k (31% of expenses). Other salaries and wages came to $127k. At year end it held assets of $321k against liabilities of $195k, net assets of $126k. It reported 8 employees.