Guitars in the Classroom

Analysis

Guitars in the Classroom is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 2007, 19 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 (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, Guitars in the Classroom reported income of $1.1m and spending of $1.2m, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $262k to $1.1m (+304%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 125%. 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, Guitars in the Classroom sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Outermost Performing Arts Center Inc ($1.1m), National Museum of Funeral History ($1.1m) and The Ballet Theatre of Maryland Incorporated ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $103k (8.6% of expenses). Other salaries and wages came to $503k. At year end it held assets of $621k against liabilities of $6,303, net assets of $614k. It reported 61 employees.