Marlboro School of Music Inc

Analysis

Marlboro School of Music Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Marlboro School of Music Inc reported income of $6.4m and spending of $4.7m, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.2m to $6.4m (+2.9%), an average of +0.7% a year. The sharpest change came in the year to September 2021, when income rose by 47%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marlboro School of Music Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Northern Stage Company ($6.4m), Massachusetts Biomedical Initiatives ($6.4m) and East Bay Center for the Performing Arts ($6.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $232k (4.9% of expenses). Other salaries and wages came to $633k. At year end it held assets of $96.1m against liabilities of $1.9m, net assets of $94.3m. It reported 98 employees.