Community Music School Inc

Analysis

Community Music School Inc is a registered charity in United States, based in Centerbrook, CT. It received its IRS tax-exemption ruling in December 1984, 42 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 Inc reported income of $697k and spending of $553k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $588k to $697k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 91% 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 Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Underscore Media Collaboration ($697k), Arts League of Michigan Inc ($697k) and Young Musicians Choral Orchestra ($697k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $70k (13% of expenses). Other salaries and wages came to $300k. At year end it held assets of $636k against liabilities of $492k, net assets of $144k. It reported 33 employees.