Valley Music Academy

Analysis

Valley Music Academy is a registered charity in United States, based in Waynesboro, VA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Valley Music Academy reported income of $180k and spending of $157k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $145k to $180k (+25%), an average of +25% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valley Music Academy sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Washington Free Public Library Foundation ($180k), Restore the Roar ($180k) and Literacy Volunteers of Chautauqua County Inc ($180k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 84% of the total. At year end it held assets of $54k against liabilities of $600, net assets of $54k.