Groton Hill Music Inc

Analysis

Groton Hill Music Inc is a registered charity in United States, based in Groton, MA. It received its IRS tax-exemption ruling in April 1986, 40 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, Groton Hill Music Inc reported income of $22.7m and spending of $12.3m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $41.2m to $22.7m (-45%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 17% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Groton Hill Music Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Esalen Institute ($22.7m), Houston Arts Alliance ($22.7m) and Lorraine Civil Rights Museum Foundation ($22.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $228k (1.9% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $224.0m against liabilities of $1.3m, net assets of $222.7m. It reported 132 employees.