Education Through Music Inc

Analysis

Education Through Music Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1991, 35 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, Education Through Music Inc reported income of $4.3m and spending of $5.2m, spending 120% of what it took in. Across the 5 years on record, from August 2019 to June 2023, income fell from $5.6m to $4.3m (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Education Through 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 Massachusetts Foundation for Humanities & Public Policy Inc ($4.3m), Society for Preservation & Encrgmnt of Barbershop Quartet ($4.4m) and Ann Arbor Hands on Museum ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $342k (6.6% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $4.7m against liabilities of $482k, net assets of $4.2m. It reported 107 employees.