West Jersey Music Academy

Analysis

West Jersey Music Academy is a registered charity in United States, based in Moorestown, NJ. It received its IRS tax-exemption ruling in July 2018, 8 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, West Jersey Music Academy reported income of $120k and spending of $116k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $120k to $120k (-0.6%), an average of -0.6% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, West Jersey Music Academy sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Ward Hall Preservation Foundation Inc ($119k), Delphi Preservation Society Inc ($120k) and Actions Beyond Words ($119k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 74% of the total. At year end it held assets of $28k against liabilities of $2,565, net assets of $25k.