Kinhaven Music School Inc

Analysis

Kinhaven Music School Inc is a registered charity in United States, based in Maplewood, NJ. It received its IRS tax-exemption ruling in April 1964, 62 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, Kinhaven Music School Inc reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.4m to $1.3m (-7.4%), an average of -1.9% a year. The sharpest change came in the year to September 2021, when income rose by 131%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kinhaven Music School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Circle Cinema Foundation Inc ($1.3m), Ballet Arts Foundation ($1.3m) and Kalamazoo Arts Council Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 60% of the total. Other salaries and wages came to $646k. At year end it held assets of $3.5m against liabilities of $96k, net assets of $3.4m. It reported 78 employees.