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Charleston Academy of Music

Charleston, South Carolina · EIN 01-0739765 · Arts, Culture & Humanities · tax-exempt since 2003

B

Charity Clarity grade B (score 78.4 of 100), based on the Form 990 for the year ended July 2025.

Graded against 44,780 arts, culture & humanities nonprofits with revenue $500K–$2M filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.13.7 months86
GovernanceBoard independence, key policies and audit, per the 990.74% of practices74
Margin stabilityHow steady the surplus or deficit is year to year.54
Revenue spreadHow much revenue rests on one type of income.17% from one source87
Filing recordOn-time, complete filings, year after year.100%100
Program spendingSelf-reported by the filer.88.6%not scored
Management costsShare of spending.3.0%not scored
Cost to raise $1Fundraising cost per dollar given.$0.41not scored

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

2015201620172018201920212022202320242025grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
Jul 2025Form 990$513K$479K$35K$548K13.73B
Jul 2024Form 990$539K$435K$104K$513K14.23A
Jul 2023Form 990$515K$402K$114K$409K12.24B
Jul 2022Form 990$414K$376K$38K$296K9.44A
Jul 2021Form 990$434K$336K$98K$258K9.24B
Dec 2019Form 990$305K$295K$9,867$233K9.53A
Dec 2018Form 990$301K$281K$20K$223K9.55B
Dec 2017Form 990$291K$279K$12K$204K8.87A
Dec 2016Form 990$318K$301K$17K$210K8.48A
Dec 2015Form 990$325K$307K$18K$189K7.417A

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation:

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