Albany Music Fund

Analysis

Albany Music Fund is a registered charity in United States, based in Albany, CA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Albany Music Fund reported income of $138k and spending of $133k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $131k to $138k (+5.8%), an average of +5.8% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albany Music Fund sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Layavinyasa Company ($138k), North Montco Educational Foundation ($138k) and Woodside High School Athletic Booster Organization ($138k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $208k against liabilities of $0, net assets of $208k.