Diller-Quaile School of Music Inc

Analysis

Diller-Quaile School of Music Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 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 June 2023, Diller-Quaile School of Music Inc reported income of $4.3m and spending of $3.4m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.3m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Diller-Quaile School of Music Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Strand-Capitol Performing Arts Center Inc ($4.3m), Liveconnections Org ($4.3m) and Elderheart Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $360k (11% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $8.5m against liabilities of $508k, net assets of $8.0m. It reported 117 employees.