Sol-la Music Academy
Only null% goes to programs Growing revenue
Sol-la Music Academy is a 501(c)(3) organization based in Santa Monica, California, registered in 2009, with $560,457 in FY2024 revenue. CharityIndex grades it B.
1812 Stanford St, Santa Monica, CA, 90404 EIN 26-2128710 Since 2009
Revenue (FY2024)
$560K
▲ 40.7% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$615K
Net assets
$121K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Sol-la Music Academy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sol-la Music Academy: 2 mo reserves · -10% margin earns a B on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Sol-la Music Academy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sol-la Music Academy: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1812 Stanford St, Santa Monica, CA, 90404
- City
- Santa Monica
- State
- California
- Category
- Arts, Culture & Humanities
- Subcategory
- Performing Arts
- Website
- …
Financial trends
Revenue held steady from $559K (FY2013) to $560K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $35KNet assets $121K
Operating margin
-9.7%
Spent more than it raised in the latest fiscal year.
Total assets
$157K
Total liabilities
$35K
Net assets
$121K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $560,457▲40.7% | $615,085▲13.0% | $121,198▼31.1% | $156,555▼16.3% | 990 |
| 2023 | $398,417▼16.2% | $544,460▲28.9% | $175,826▼45.4% | $186,991▼44.2% | 990 |
| 2022 | $475,374▲36.2% | $422,429▲15.1% | $321,869▲19.7% | $334,889▲21.0% | 990 |
| 2021 | $348,971▼11.1% | $367,107▲7.8% | $268,924▼6.3% | $276,848▼5.8% | 990 |
| 2020 | $392,702▼9.7% | $340,494▼14.6% | $287,060▲22.2% | $293,826▲22.0% | 990 |
| 2019 | $434,717▼13.4% | $398,820▼8.4% | $234,852▲18.0% | $240,917▼3.3% | 990 |
| 2018 | $502,219▼3.6% | $435,251▼16.5% | $198,955▲50.7% | $249,056▲82.5% | 990 |
| 2017 | $521,025▲17.3% | $520,990▲18.0% | $131,987 | $136,472▼12.1% | 990 |
| 2016 | $444,337▼4.3% | $441,664▼1.6% | $131,952▲2.1% | $155,331▲10.5% | 990 |
| 2015 | $464,493▲11.0% | $448,829▲9.5% | $129,279▲13.8% | $140,633▼3.0% | 990 |
| 2014 | $418,533▼25.1% | $409,748▼19.3% | $113,615▲8.4% | $145,009▼2.0% | 990 |
| 2013 | $559,082 | $507,690▲15.9% | $104,830▲96.2% | $147,977▲79.5% | 990 |
| 2012 | — | $437,902▲53.9% | $53,437▼3.8% | $82,447▲48.4% | 990 |
| 2011 | — | $284,501▲35.4% | $55,547▼27.4% | $55,547▼27.8% | 990 |
| 2010 | — | $210,084 | $76,535 | $76,898 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $135K total
5 grants to Sol-la Music Academy totaling $135K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $30,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $30,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $30,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $30,000 |
| San Francisco Foundation | Advised - for sol-la at saint anne school | 2020 | $15,000 |
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Frequently asked questions
- Is Sol-la Music Academy a legitimate nonprofit?
- Yes. Sol-la Music Academy is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-2128710, based in Santa Monica, California. Donations are tax-deductible.
- What is Sol-la Music Academy's EIN?
- Sol-la Music Academy's Employer Identification Number (EIN) is 26-2128710.
- How much revenue does Sol-la Music Academy report?
- Sol-la Music Academy reported $560,457 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sol-la Music Academy have?
- CharityIndex grades Sol-la Music Academy B, based on financial health (reserves and operating margin).
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Data for Sol-la Music Academy (EIN 26-2128710) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.