Friends of Music Acadiana

Analysis

Friends of Music Acadiana is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in May 1999, 27 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 2023, Friends of Music Acadiana reported income of $65k and spending of $62k, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $46k to $65k (+41%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 288%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Music Acadiana sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within LA. Charities of a similar size with the same main cause include North Schuylkill Band Boosters Association ($65k), Grover Beach Community Library ($65k) and Parent Booster USA Inc ($65k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $851, net assets of $25k.