Thames Valley Music School

Analysis

Thames Valley Music School is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in July 1980, 46 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, Thames Valley Music School reported income of $234k and spending of $220k, spending 94% of its income. Across the 4 years on record, from August 2020 to August 2023, income fell from $260k to $234k (-9.9%), an average of -3.4% a year. The sharpest change came in the year to August 2021, when income rose by 44%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thames Valley Music School sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Camp Five Museum Foundation Inc ($234k), Shake on the Lake Inc ($234k) and Grand Mesa Arts & Events Center Inc ($234k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $61k (28% of expenses). At year end it held assets of $544k against liabilities of $2,017, net assets of $542k. It reported 1 employees.