Classical Music Institute Cmi

Analysis

Classical Music Institute Cmi is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in November 2009, 17 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 December 2023, Classical Music Institute Cmi reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $284k to $1.7m (+488%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 443%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Classical Music Institute Cmi sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include The Work Group ($1.7m), Lifeword Broadcast Ministries ($1.7m) and BMCC Association Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $175k (11% of expenses). At year end it held assets of $134k against liabilities of $114k, net assets of $20k. It reported 1 employees.