Manhattan School of Music

Analysis

Manhattan School of Music is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1947, 79 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 2023, Manhattan School of Music reported income of $75.5m and spending of $72.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $68.7m to $75.5m (+9.8%), an average of +2.4% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Manhattan School of Music sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Milwaukee World Festival Inc ($75.4m), Seattle Theatre Group ($75.6m) and The Colburn School ($74.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $2.7m (3.7% of expenses). Other salaries and wages came to $23.1m. At year end it held assets of $109.2m against liabilities of $27.4m, net assets of $81.8m. It reported 1,423 employees.