Westport School of Music Inc

Analysis

Westport School of Music Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in December 1959, 67 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, Westport School of Music Inc reported income of $262k and spending of $354k, spending 135% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $329k to $262k (-20%), an average of -5.6% a year. The sharpest change came in the year to August 2021, when income rose by 214%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Westport School of Music Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include Sandal Gap Studio ($261k), Collaborative Earth Institute ($262k) and Suffolk County Music Educators Association Inc South Country Scho ($261k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $62k (18% of expenses). Other salaries and wages came to $147k. At year end it held assets of $0 against liabilities of $0, net assets of $0.