Monteverdi Music School Inc

Analysis

Monteverdi Music School Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Monteverdi Music School Inc reported income of $74k and spending of $79k, spending 106% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $33k to $74k (+125%), an average of +125% a year. The sharpest change came in the year to June 2024, when income rose by 125%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monteverdi Music School Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 20th percentile within VT. Charities of a similar size with the same main cause include Stevenson Elementary School Volunteer Fund Raising Group Inc ($74k), Brian Grabowski Scholarship - a Life Well Lived Inc ($74k) and Xenia Community Schools Foundation ($74k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 48% of the total. At year end it held assets of $260k against liabilities of $28k, net assets of $232k.