Allegro Community Music School

Analysis

Allegro Community Music School is a registered charity in United States, based in Warrenton, VA. It received its IRS tax-exemption ruling in November 2008, 18 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 August 2023, Allegro Community Music School reported income of $336k and spending of $344k, spending 102% of its income. Across the 6 years on record, from August 2018 to August 2023, income grew from $224k to $336k (+50%), an average of +8.4% a year. The sharpest change came in the year to August 2021, when income rose by 38%. Over the whole period it spent 100% 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 Community Music School sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Dyckman Farmhouse Museum ($336k), We Always Swing Inc ($336k) and Oklahoma Shakespeare in the Park ($336k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $3,571 (1.0% of expenses). Other salaries and wages came to $109k. At year end it held assets of $6,643 against liabilities of $21k, net assets of -$15k. It reported 30 employees.