Community Music School of Buffalo

Analysis

Community Music School of Buffalo is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in April 1955, 71 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, Community Music School of Buffalo reported income of $499k and spending of $630k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $402k to $499k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2020, when income rose by 257%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Music School of Buffalo sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Pentangle ($499k), Bighorn Basin Paleontological Institute ($499k) and Rock Cats Rescue Inc ($498k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $62k (9.8% of expenses). Other salaries and wages came to $315k. At year end it held assets of $1.4m against liabilities of $515k, net assets of $839k. It reported 9 employees.