Berkshire Music School Inc

Analysis

Berkshire Music School Inc is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in February 1944, 82 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, Berkshire Music School Inc reported income of $710k and spending of $649k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $699k to $710k (+1.4%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Berkshire Music School Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Literary and Prologue Society of the Southwest ($709k), Fairfax Symphony Orchestra ($710k) and Mountains Restoration Trust ($709k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $75k (11% of expenses). Other salaries and wages came to $328k. At year end it held assets of $1.1m against liabilities of $75k, net assets of $1.0m. It reported 37 employees.