Kentucky · Nonprofit
LOUISVILLE ACADEMY OF MUSIC
LOUISVILLE ACADEMY OF MUSIC (Kentucky) receives grants from 18 organizations whose IRS filings report $534,769 to it, the largest being FUND FOR THE ARTS INC ($173,197). 9 of them have funded it in more than one year.
- Revenue FY2025
- $936k
- Funders on record
- 18
- Grants received
- $535k
- Net assets
- $646k
What Louisville Academy of Music does
Mission
The Louisville Academy of Music welcomes everyone to join our musical community. Lam nurtures lifelong learners, not solely as musicians but also as creative, inspired people. Equity in music education is a force to realize potential, achieve dreams, and make the world a better place.
As stated on its FY2025 Form 990.
Programs
28 degreed and dedicated faculty members taught more than 14,000 lessons to 600+ students from over 50 zip codes. Since 1954, the Louisville Academy of Music (lam) has provided high-quality music education to generations of students, nurturing not only musicians, but creative, inspired people prepared to thrive in every area of life. Through private lessons, group classes, masterclasses, summer camps, and more we provide an enriching educational environment that supports the development of a whole and confident musician. Lam provides a welcoming space where students of all ages, from preschoolers to retirees, find mentorship, self-expression, and community.
$471,279 spent$520,330 earned by the program74% of program spendingWe believe that music belongs to everyone and that access to transformative arts education should not depend on a family's income, zip code, or background. Through need-based scholarships, public school programs, and community partnerships we reached more than 6,000 people with free music education programming. We continue to invest in making music education accessible to everyone who wishes to learn, create, and belong. This year also brought a defining honor: lam was awarded the governor's award in the arts for education, recognizing our extraordinary contributions to the arts in kentucky. This statewide recognition affirmed the impact of our mission, our innovative programming, and our commitment to accessibility and excellence.
$169,783 spentof which $63,099 as grants$45,673 earned by the program26% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $641,062.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $571k to $734k (+29%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 0% · 2019 0% · 2020 0% · 2021 10% · 2025 5%. Grants only. Government contracts and fees sit inside program revenue.
37% of LOUISVILLE ACADEMY OF MUSIC’s revenue is contributions — about as donation-reliant as the typical peer (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Sara Callaway
Executive director
Board chair
David Handmaker
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2020 → 2023: the base broadened from 1 funder to 7 funders, grant income rose $5k → $88k.
4 of 18 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 24% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of LOUISVILLE ACADEMY OF MUSIC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
LOUISVILLE ACADEMY OF MUSIC has a broad base — no single funder exceeds 32% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
65% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund LOUISVILLE ACADEMY OF MUSIC.
Largest funder’s share by year: 2020 100% · 2021 56% · 2022 34% · 2023 26% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
25% of LOUISVILLE ACADEMY OF MUSIC's funders are still giving 2 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
91% of LOUISVILLE ACADEMY OF MUSIC's grant income comes from Kentucky funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $127k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
LOUISVILLE ACADEMY OF MUSIC has grown faster than three-quarters of the 11,634 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025
Organizations like LOUISVILLE ACADEMY OF MUSIC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Kentucky
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
80% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for LOUISVILLE ACADEMY OF MUSIC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds LOUISVILLE ACADEMY OF MUSIC?
- LOUISVILLE ACADEMY OF MUSIC (Kentucky) receives grants from 18 organizations whose IRS filings report $534,769 to it, the largest being FUND FOR THE ARTS INC ($173,197). 9 of them have funded it in more than one year.
- How many funders does LOUISVILLE ACADEMY OF MUSIC have?
- IRS filings report 18 organizations giving $534,769 in grants to LOUISVILLE ACADEMY OF MUSIC, 9 of which have funded it in more than one year.
- Who is the largest funder of LOUISVILLE ACADEMY OF MUSIC?
- FUND FOR THE ARTS INC is the largest funder on record, with $173,197 in grants. The full list of funders is on this page.
- How can an organization like LOUISVILLE ACADEMY OF MUSIC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Louisville Academy of Music →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 18 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing