Armonia Music Group Inc

Analysis

Armonia Music Group Inc is a registered charity in United States, based in Cypress, CA. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Armonia Music Group Inc reported income of $57k and spending of $58k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $57k (-11%), an average of -11% 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, Armonia Music Group Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Heatsync Labs ($57k), Sonshine Theatre Company ($57k) and Friends of the Historic Columbiariver Highway ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,577 against liabilities of $0, net assets of $1,577.