Community Music Center of Boston

Analysis

Community Music Center of Boston is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1973, 53 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, Community Music Center of Boston reported income of $7.3m and spending of $3.6m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $7.3m (+164%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Music Center of Boston sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Nashville Public Radio ($7.3m), Edward Orton Jr Ceramic Foundation ($7.3m) and Arts Midwest ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $167k (4.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $10.4m against liabilities of $436k, net assets of $10.0m. It reported 114 employees.