National Association of Schools of Music

Analysis

National Association of Schools of Music is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in November 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. 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, National Association of Schools of Music reported income of $2.7m and spending of $2.6m, spending 99% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $2.4m to $2.7m (+9.6%), an average of +3.1% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Association of Schools of Music sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include SLS ($2.7m), Many Rivers Montessori ($2.7m) and Shanel Valley Academy ($2.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 45% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $405k (15% of expenses). Other salaries and wages came to $980k. At year end it held assets of $11.4m against liabilities of $0, net assets of $11.4m. It reported 16 employees.