Guitar Foundation Of America Inc
Profile Not Current (Last updated:
Jan 09, 2026
)
Current Fiscal Year
Fiscal Year Start Date: September 1, 2024
Fiscal Year End Date: August 31, 2025
Projected Revenue: $378,774
Projected Expense: $377,378
Revenue vs. Expense ($)
Expense Breakdown: 2024 (%)
| Administration Expense | 3.3% |
| Program Expense | 78.1% |
| Fundraising Expense | 0.0% |
Expense Breakdown: 2023 (%)
| Administration Expense | 72.9% |
| Program Expense | 22.0% |
| Fundraising Expense | 5.1% |
Expense Breakdown: 2022 (%)
| Administration Expense | 70.2% |
| Program Expense | 29.8% |
| Fundraising Expense | 0.0% |
990 Tax Form Newest 990 Year opens each June
Tax Year 2024 Form 990 (Fiscal Year ending in 2024)
Tax Year 2023 Form 990 (Fiscal Year ending in 2023)
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Tax Year 2022 Form 990 (Fiscal Year ending in 2022)
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Tax Year 2021 Form 990 (Fiscal Year ending in 2021)
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Prior Three Years Total Revenue and Expense Totals
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $554,451 | $652,912 | $424,278 |
| Total Expenses | $554,356 | $699,839 | $445,994 |
Prior Three Years Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Foundation and Corporation Contributions | - | $223,965 | $238,704 |
| Government Contributions | $20,000 | $20,000 | $10,000 |
| Federal | - | - | - |
| State | - | - | - |
| Local | - | - | - |
| Unspecified | - | - | - |
| Individual Contributions | - | - | - |
| Indirect Public Support | - | - | - |
| Earned Revenue | $196,813 | $344,729 | $117,577 |
| Investment Income, Net of Losses | $7,897 | $6,537 | $5,345 |
| Membership Dues | $51,285 | $57,011 | $52,609 |
| Special Events | - | - | - |
| Revenue In-Kind | - | - | - |
| Other Revenue | $15,263 | $7,207 | $5,388 |
Prior Three Years Expense Allocations by Type
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $432,915 | $153,724 | $132,761 |
| Administration Expense | $18,167 | $510,328 | $313,233 |
| Fundraising Expense | - | $35,787 | - |
| Payments to Affiliates | - | - | - |
| Total Revenue/Total Expenses | 1.00 | 0.93 | 0.95 |
| Program Expense/Total Expenses | 78% | 22% | 30% |
| Fundraising Expense/Total Revenue | - | 5% | - |
Prior Three Years Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $378,702 | $331,170 | $363,731 |
| Current Assets | $378,702 | $331,170 | $363,731 |
| Long-Term Liabilities | $211,023 | - | - |
| Current Liabilities | - | $204,961 | $211,754 |
| Total Net Assets | $167,679 | $126,209 | $151,977 |
Short Term Solvency
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets/Current Liabilities | - | 1.62 | 1.72 |
Long Term Solvency
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Long Term Liabilities/Total Assets | 56% | - | - |
Endowment/Capital Campaigns
Are you currently in a Capital Campaign? -
CONTACT
Guitar Foundation Of America Inc
PO Box 50749
Los Angeles, California 90050
Phone: 8775701651