Allegro Music School Inc

Analysis

Allegro Music School Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in September 2003, 23 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Allegro Music School Inc reported income of $134k and spending of $130k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $140k to $134k (-4.1%), an average of -1.4% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Allegro Music School Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include South Dayton Dance Theatre ($134k), Theatre Now New York Inc ($134k) and Casper Childrens Theatre Inc ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. At year end it held assets of $113k against liabilities of $159, net assets of $113k.