Bach Akademie Charlotte

Analysis

Bach Akademie Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2018, 8 years ago. 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 June 2024, Bach Akademie Charlotte reported income of $284k and spending of $212k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2019 to June 2024, income grew from $160k to $284k (+77%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 243%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bach Akademie Charlotte sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Georgia Football Officials Association Inc ($284k), Ifye Association of the USA Inc ($284k) and Syringa Plaza Inc ($284k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $62k (29% of expenses). Other salaries and wages came to $25k. At year end it held assets of $39k against liabilities of $0, net assets of $39k.