Georgia Music Accord Inc

Analysis

Georgia Music Accord Inc is a registered charity in United States, based in Smyrna, GA. It received its IRS tax-exemption ruling in May 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Georgia Music Accord Inc reported income of $250k and spending of $24k, leaving 90% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $502k to $250k (-50%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Georgia Music Accord Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within GA. Charities of a similar size with the same main cause include Colorado New Play Festival ($250k), Museum of Relics Inc ($250k) and Murray Calloway County Community Theater Arts Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $239k against liabilities of $0, net assets of $239k.