One Achord Guitar Lessons Inc

Analysis

One Achord Guitar Lessons Inc is a registered charity in United States, based in Nevada City, CA. It received its IRS tax-exemption ruling in December 2001, 25 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, One Achord Guitar Lessons Inc reported income of $64k and spending of $57k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $78k to $64k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, One Achord Guitar Lessons Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include The Winter Blast Foundation ($64k), Grace Theatre Workshop Inc ($64k) and Decatur County Museum Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $32k (57% of expenses). At year end it held assets of $5,425 against liabilities of $65k, net assets of -$60k. It reported 1 employees.