Upper Valley Music Center Inc

Analysis

Upper Valley Music Center Inc is a registered charity in United States, based in Lebanon, NH. It received its IRS tax-exemption ruling in March 1996, 30 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 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 June 2023, Upper Valley Music Center Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $1.1m (-5.0%), an average of -1.7% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Upper Valley Music Center Inc sits at the 87th percentile: it is larger than about 87% 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 Solvang Theaterfest ($1.1m), Ballet Theatre of Des Moines ($1.1m) and Pacific Arts Movement ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $95k (8.7% of expenses). Other salaries and wages came to $588k. It paid $735 in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $163k, net assets of $2.6m. It reported 41 employees.