Cumberland Valley School of Music

Analysis

Cumberland Valley School of Music is a registered charity in United States, based in Chambersburg, PA. It received its IRS tax-exemption ruling in October 1990, 36 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 2023, Cumberland Valley School of Music reported income of $680k and spending of $673k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.1m to $680k (-39%), an average of -12% a year. The sharpest change came in the year to August 2020, when income dropped by 44%. 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, Cumberland Valley School of Music sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Louisville Academy of Music Inc ($680k), Daytona Playhouse ($680k) and Minnesota Falun Dafa Association ($680k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 33% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $63k (9.4% of expenses). Other salaries and wages came to $166k. At year end it held assets of $1.2m against liabilities of $148k, net assets of $1.0m. It reported 16 employees.