Dedham School of Music Incorporated

Analysis

Dedham School of Music Incorporated is a registered charity in United States, based in Dedham, MA. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dedham School of Music Incorporated reported income of $246k and spending of $226k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $262k to $246k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dedham School of Music Incorporated sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Aroostook Arts and Education Center ($246k), Colorado Music Bridge ($246k) and Pan American Symphony Orchestra ($246k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $57k (25% of expenses). Other salaries and wages came to $119k. At year end it held assets of $90k against liabilities of $933, net assets of $89k. It reported 15 employees.