Hoff Barthelson Music School

Analysis

Hoff Barthelson Music School is a registered charity in United States, based in Scarsdale, NY. It received its IRS tax-exemption ruling in March 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hoff Barthelson Music School reported income of $4.6m and spending of $4.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $4.6m (+3.0%), an average of +0.7% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hoff Barthelson Music School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Florida Public Broadcasting Service Inc ($4.6m), National Museum of Racing Inc ($4.6m) and Broadway Theatre League of Huntsville Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $509k (12% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $5.5m against liabilities of $1.3m, net assets of $4.2m. It reported 114 employees.