American Society of Musical Excellence

Analysis

American Society of Musical Excellence is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, American Society of Musical Excellence reported income of $79k and spending of $82k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $79k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Society of Musical Excellence sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within VA. Charities of a similar size with the same main cause include A M E N Inc ($79k), Northeastern Nevada Casa ($79k) and Todd Anglin Home for Children ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $7,034 against liabilities of $0, net assets of $7,034.