Overview

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Est.

1983

Fiscal Year Start

Jun 1

Organization Type

Grantseeker

AI Summary

The Music Academy of North Carolina Inc is a nonprofit organization dedicated to providing individualized music instruction to students of all backgrounds, regardless of race, ethnicity, or economic status. With an operating budget of $805.9K and total revenue of $1.9M for the 2024 filing year, the organization demonstrates a strong commitment to performing arts education. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.musicacademync.org.

Mission Statement

TO PROVIDE INDIVIDUALIZED MUSIC INSTRUCTIONS TO STUDENTS REGARDLESS OF RACE, ETHNIC OR ECONOMIC BACKGROUND.
Revenues
$1.9M
Expenses
$805.9K
Net Income:
+$1.1M
Assets
$2M
Liabilities
$95.7K
Net Assets:
+$1.9M
Operating Budget
$805.9K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
3
Median grant size
$15.8K
Largest grant received
$30K
K
Kellie Burgess
Board Member
K
Kenneth Gay Jr
Board Member
P
Pamela Murphy
Board Member

Frequently Asked Questions

What is THE MUSIC ACADEMY OF NORTH CAROLINA INC’s budget?
In 2024, THE MUSIC ACADEMY OF NORTH CAROLINA INC reported an annual operating budget of around $806 thousand. More detailed financial information is available to registered users.
What causes does THE MUSIC ACADEMY OF NORTH CAROLINA INC support?
THE MUSIC ACADEMY OF NORTH CAROLINA INC supports work in Performing arts education.
Where does THE MUSIC ACADEMY OF NORTH CAROLINA INC operate?
THE MUSIC ACADEMY OF NORTH CAROLINA INC is headquartered in GREEENSBORO, NC.
Who funded THE MUSIC ACADEMY OF NORTH CAROLINA INC recently?
In 2024, THE MUSIC ACADEMY OF NORTH CAROLINA INC received grants from LOOMIS FAMILY FOUNDATION INC, FIDELITY INVESTMENTS CHARITABLE GIFT FUND, and ALEXANDER WORTH MCALISTER FOUNDATION C/O BANK OF AMERICA PRIVATE BANK. More information on this organization’s funders is available to registered users.
What is the largest grant THE MUSIC ACADEMY OF NORTH CAROLINA INC received in 2024?
The largest grant to THE MUSIC ACADEMY OF NORTH CAROLINA INC in 2024 exceeds $30 thousand.