Pakachoag Music School of Greater Worcester

Analysis

Pakachoag Music School of Greater Worcester is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in January 1990, 36 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 August 2023, Pakachoag Music School of Greater Worcester reported income of $619k and spending of $502k, spending 81% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $410k to $619k (+51%), an average of +15% a year. The sharpest change came in the year to August 2022, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pakachoag Music School of Greater Worcester sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Alabama Sports Hall of Fame ($619k), Canterbury Voices Inc ($619k) and Freeport Arts Center ($619k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Other salaries and wages came to $297k. At year end it held assets of $759k against liabilities of $194k, net assets of $564k. It reported 39 employees.