Aspect Foundation for Music and Arts

Analysis

Aspect Foundation for Music and Arts is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2026. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a private operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Aspect Foundation for Music and Arts reported income of $85k and spending of $84k, spending 99% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $196k to $85k (-57%), an average of -57% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aspect Foundation for Music and Arts sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Minnesota Percussion Association ($85k), Livingston Center for Art and Culture Inc ($85k) and Rockvale Writers Colony Inc ($85k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 95% and program service revenue 5.5% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.