Community Music School

Analysis

Community Music School is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1994, 32 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, Community Music School reported income of $530k and spending of $539k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $290k to $530k (+83%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Music School sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include The Tom Lea Institute ($530k), Story Collider ($530k) and Delta Arts Alliance Inc ($530k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $94k (17% of expenses). Other salaries and wages came to $270k. At year end it held assets of $554k against liabilities of $48k, net assets of $507k. It reported 25 employees.