Westerhoff School of Music & Art Inc

Analysis

Westerhoff School of Music & Art Inc is a registered charity in United States, based in Metuchen, NJ. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Westerhoff School of Music & Art Inc reported income of $435k and spending of $513k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $465k to $435k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westerhoff School of Music & Art Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Pathways Academy ($435k), Texas Choral Directors Association ($435k) and Cubingusa ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $124k (24% of expenses). Other salaries and wages came to $274k. At year end it held assets of $556k against liabilities of $9,420, net assets of $546k. It reported 28 employees.