Church Street School for Music and Art

Analysis

Church Street School for Music and Art is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1994, 32 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 August 2022, Church Street School for Music and Art reported income of $1.6m and spending of $1.4m, spending 90% of its income. Across the 4 years on record, from August 2019 to August 2022, income grew from $1.4m to $1.6m (+8.7%), an average of +2.8% a year. The sharpest change came in the year to August 2022, when income rose by 39%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Church Street School for Music and Art sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Morgan County Foundation Inc ($1.6m), Clear Space Theatre Company ($1.6m) and Tectonic Theater Project Inc ($1.6m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 37% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $103k (7.4% of expenses). Other salaries and wages came to $647k. At year end it held assets of $220k against liabilities of $1.8m, net assets of -$1.6m. It reported 66 employees.