LA Musica Di Asolo Inc

Analysis

LA Musica Di Asolo Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in January 1988, 38 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 June 2024, LA Musica Di Asolo Inc reported income of $315k and spending of $293k, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $228k to $315k (+39%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 258%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LA Musica Di Asolo Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Warehouse Arts Management Organization ($315k), Na Lei Hulu I Ka Wekiu Hula Halau ($316k) and Forum Theatre Company ($315k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $28k (9.6% of expenses). Other salaries and wages came to $12k. At year end it held assets of $131k against liabilities of $49k, net assets of $82k.