CSCharityScored
47

The Academy Of Music

Education · Norfolk, Virginia

1709 Colley Ave Ste 302, Norfolk, VA 23517-1675

EIN: 541764269· Founded: May 1996· 30 years active· Filing Year: 2024

Annual Revenue

$778K

Total Expenses

$650K

Total Assets

$2.1M

Program Spending

37%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$112K

17.3% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$388K

Total Payroll

$501K

77% of total expenses

Where the Money Goes

37%
Programs: 37%
Payroll: 77%
Other overhead: 63%
Program Revenue$239K (31%)
Total Expenses$650K (84%)
Payroll$501K (77%)
Overhead (non-program)63%

Trust Score Breakdown

Program Spending Ratio

37% of expenses go to programs

40%

Revenue & Stability

$778K annual revenue

15%

Executive Compensation

$112K total officer comp (17.3% of expenses)

20%

Filing Recency

Most recent filing: 2024

15%

Asset Strength

$2.1M in assets

10%

Data from IRS Form 990 filing (2024). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.