W O Smith Nashville Community Music School

Analysis

W O Smith Nashville Community Music School is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 1984, 42 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 June 2023, W O Smith Nashville Community Music School reported income of $989k and spending of $876k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $566k to $989k (+75%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, W O Smith Nashville Community Music School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Ilan-Lael ($988k), South Bend Museum of Art Inc ($989k) and Mostly Modern Projects Inc ($988k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% of the total. Compensation of current officers, directors and key employees was $116k (13% of expenses). Other salaries and wages came to $169k. At year end it held assets of $6.2m against liabilities of $138k, net assets of $6.0m. It reported 5 employees.