Encinitas School of Music

Analysis

Encinitas School of Music is a registered charity in United States, based in Encinitas, CA. It received its IRS tax-exemption ruling in August 2001, 25 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, Encinitas School of Music reported income of $158k and spending of $120k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $158k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Encinitas School of Music 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 48th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Pastoral Care Institute Inc ($158k), Etudes ($158k) and Indiana American Legion Foundation Inc ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 49% of the total. At year end it held assets of $42k against liabilities of $2,913, net assets of $39k.