Nashua Community Music School

Analysis

Nashua Community Music School is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in September 1985, 41 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 2024, Nashua Community Music School reported income of $608k and spending of $644k, spending 106% of what it took in. Across the 5 years on record, from August 2020 to August 2024, income grew from $389k to $608k (+56%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 31%. 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, Nashua Community Music School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within NH. Charities of a similar size with the same main cause include Brazoria County Historical Museum Inc ($608k), Western History Association ($608k) and Symphony Management Inc ($608k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $61k (9.5% of expenses). Other salaries and wages came to $217k. At year end it held assets of $128k against liabilities of $146k, net assets of -$18k. It reported 9 employees.