Atlanta Festival Academy Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Our mission is to provide cultural education and exchange programs for young musicians and artists around the world through performances, lectures and competitions.
- Income
- $249,249
- Spending
- $134,050
- Spent on programs
- 84%
- Reserves
- 20.5 months of spending
- Largest source of income
- donations and private grants, 52%
- Employees
- 0
- Volunteers
- 20
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 96 out of 100. Higher than 88% of charities in its peer group (youth development, under $250k).
Reserves
35 of 35Spendable reserves would cover 20.5 months of spending.
Debt
16 of 20It owes 23% of what it owns.
Living within its means
15 of 15Income exceeded spending by 46% of income.
Income trend
15 of 15Income rose 49% on the year before.
Spending floor
15 of 1584% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 81 out of 100. Higher than 77% of charities in its peer group (youth development, under $250k).
Independent board
25 of 256 of 6 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $112,001 spent. In 2025, our organization accomplished the following:- Hosted the 2025 AFA Summer Festival, providing intensive classical music training to pre-college string, wind, brass, and percussion students through the Chamber Music Seminar and Orchestra Intensive programs- Awarded need-based and merit-based scholarships totaling approximately $40,000 to eligible Summer Festival and Virtuosi participants- Held inaugural AFA Young Artist Competition, attracting 90+ applicants from 17 states and 6 countries. The live semi-final and final rounds took place in Johns Creek with 25 young musicians from all over the U.S, Hong Kong, and the U.K.- Continued the Atlanta Festival Virtuosi (AFV) year-round youth orchestra program for elite students ages 1318- Delivered masterclasses, coachings, and in-school programming to approximately 250 students through AFA's outreach initiatives- Reached a cumulative total of over 500 student participants in AFA programs since the organization's founding in 2019
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2018.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.