Generation Music & Arts Academy

Analysis

Generation Music & Arts Academy is a registered charity in United States, based in San Lorenzo, CA. It received its IRS tax-exemption ruling in November 2016, 10 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 June 2023, Generation Music & Arts Academy reported income of $650k and spending of $553k, spending 85% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $203k to $650k (+220%), an average of +47% a year. The sharpest change came in the year to June 2022, when income rose by 131%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Generation Music & Arts Academy sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Sporting Arkansas Inc ($650k), Silver Shield Foundation Inc ($650k) and Sdsi Housing Corporation Inc ($650k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $435k. At year end it held assets of $293k against liabilities of $18k, net assets of $276k. It reported 38 employees.