Cascade School of Music

Analysis

Cascade School of Music is a registered charity in United States, based in Bend, OR. It received its IRS tax-exemption ruling in January 2003, 23 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 June 2023, Cascade School of Music reported income of $1.3m and spending of $1.1m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $756k to $1.3m (+77%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cascade School of Music 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 83rd percentile within OR. Charities of a similar size with the same main cause include Pby Memorial Foundation ($1.3m), Central New York Community Arts Council Inc ($1.3m) and Arts for L a ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $101k (9.0% of expenses). Other salaries and wages came to $544k. At year end it held assets of $286k against liabilities of $257, net assets of $286k. It reported 37 employees.