Academy of Music Performance Inc

Analysis

Academy of Music Performance Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in September 2017, 9 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 December 2023, Academy of Music Performance Inc reported income of $122k and spending of $117k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $122k (+12%), an average of +12% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Academy of Music Performance Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include The Holland Community Theatre ($122k), Tenderfoot Transmitting Inc ($122k) and Ameaningoflife Org Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.