Academie Musique

Analysis

Academie Musique is a registered charity in United States, based in Temple, TX. It received its IRS tax-exemption ruling in July 2016, 10 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 July 2023, Academie Musique reported income of $466k and spending of $317k, leaving 32% of income unspent that year. Across the 4 years on record, from July 2019 to July 2023, income grew from $295k to $466k (+58%), an average of +16% a year. The sharpest change came in the year to July 2023, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Academie Musique sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Planet Ant Theatre Inc ($465k), Historical Association of the Lawton Rangers Inc ($466k) and Lockport Community Television Inc ($465k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $229k. It paid $6,351 in professional fundraising fees. At year end it held assets of $168k against liabilities of $0, net assets of $168k. It reported 25 employees.