All Newton Music School Inc

Analysis

All Newton Music School Inc is a registered charity in United States, based in West Newton, MA. It received its IRS tax-exemption ruling in July 1942, 84 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 2024, All Newton Music School Inc reported income of $1.9m and spending of $1.8m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $1.9m (+36%), an average of +6.3% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, All Newton Music School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Guadalupe Cultural Arts Center ($1.9m), Youth Oasis ($1.9m) and Grand Rapids Cable Access Center ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.8% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $191k (10% of expenses). Other salaries and wages came to $939k. At year end it held assets of $3.5m against liabilities of $378k, net assets of $3.2m. It reported 85 employees.