Brookline Music School Inc

Analysis

Brookline Music School Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in December 1949, 77 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, Brookline Music School Inc reported income of $2.2m and spending of $2.2m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.4m to $2.2m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brookline Music School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Sharon Lynne Wilson Center for the Arts Inc ($2.2m), Scola ($2.2m) and Bristol Bay Science & Research Institute ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.4% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $330k (15% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.5m against liabilities of $660k, net assets of $2.8m. It reported 113 employees.