Manchester Community Music School

Analysis

Manchester Community Music School is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in July 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Manchester Community Music School reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.1m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to August 2022, when income rose by 39%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manchester Community Music School sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within NH. Charities of a similar size with the same main cause include Arts Council of Big Sky ($1.1m), The Foundation for Cda Tribal Youth Inc ($1.1m) and United Professional Horsemens Foundation ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 30% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $56k (4.9% of expenses). Other salaries and wages came to $654k. At year end it held assets of $1.6m against liabilities of $444k, net assets of $1.2m. It reported 70 employees.