Tahoe School of Music

Analysis

Tahoe School of Music is a registered charity in United States, based in Truckee, CA. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Tahoe School of Music reported income of $404k and spending of $437k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $404k (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tahoe School of Music sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Carolina Public Press Inc ($404k), Opera Las Vegas ($404k) and Gujarati Samaj Inc ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $65k (15% of expenses). Other salaries and wages came to $8,024. It paid $21k in professional fundraising fees. At year end it held assets of $93k against liabilities of $28k, net assets of $66k.