American Institute of Musical Studies

Analysis

American Institute of Musical Studies is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 1970, 56 years ago. 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 September 2023, American Institute of Musical Studies reported income of $1.0m and spending of $921k, spending 90% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $281k to $1.0m (+266%), an average of +54% a year. The sharpest change came in the year to September 2023, when income rose by 91%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Institute of Musical Studies sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within MO. Charities of a similar size with the same main cause include Amherst Land Trust ($1.0m), Afp Foundation for Philanthropy ($1.0m) and Porta Coeli Senior Housing NFP ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Other salaries and wages came to $47k. At year end it held assets of $124k against liabilities of $2,606, net assets of $122k. It reported 3 employees.