Ali Akbar College of Music

Analysis

Ali Akbar College of Music is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in August 1968, 58 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ali Akbar College of Music reported income of $378k and spending of $354k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $378k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ali Akbar College of Music sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include John Gilmore Riley Center-Museum for African American History & ($377k), Thegifted Arts Inc ($378k) and Athens Photographic Project ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $149k (42% of expenses). At year end it held assets of $591k against liabilities of $56k, net assets of $535k. It reported 5 employees.