Berkshire Hills Music Academy Inc

Analysis

Berkshire Hills Music Academy Inc is a registered charity in United States, based in South Hadley, MA. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Berkshire Hills Music Academy Inc reported income of $5.7m and spending of $4.9m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.0m to $5.7m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Berkshire Hills Music Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include The Writing Revolution Inc ($5.7m), Waldorf Educational Association of NC Inc ($5.7m) and Invictus High School ($5.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.6% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $158k (3.2% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $11.7m against liabilities of $421k, net assets of $11.3m. It reported 102 employees.