Atlanta Music Project Inc

Analysis

Atlanta Music Project Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 2010, 16 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 July 2023, Atlanta Music Project Inc reported income of $2.2m and spending of $2.4m, spending 109% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $3.3m to $2.2m (-33%), an average of -9.6% a year. The sharpest change came in the year to July 2021, when income rose by 173%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Atlanta Music Project Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Leslie Lohman Museum of Gay and Lesbian Art ($2.2m), Commonwealth Shakespeare Company Inc ($2.2m) and Orange County Childrens Therapeutic Arts Center ($2.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 94% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $257k (11% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.2m against liabilities of $717k, net assets of $4.5m. It reported 71 employees.