Sunset Park School of Music Inc

Analysis

Sunset Park School of Music Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1985, 41 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 2024, Sunset Park School of Music Inc reported income of $65k and spending of $46k, leaving 28% of income unspent that year. Across the 4 years on record, from June 2019 to June 2024, income grew from $47k to $65k (+38%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sunset Park School of Music Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Friends of Bohemian National Cemetery ($65k), International Gymnast Hall of Fame ($65k) and No Limits Creative Arts ($65k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 36% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.