North Valley Music School

Analysis

North Valley Music School is a registered charity in United States, based in Whitefish, MT. It received its IRS tax-exemption ruling in July 1998, 28 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, North Valley Music School reported income of $1.4m and spending of $540k, leaving 63% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $340k to $1.4m (+325%), an average of +44% a year. The sharpest change came in the year to August 2021, when income rose by 115%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Valley Music School sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within MT. Charities of a similar size with the same main cause include Connection School of Houston ($1.4m), Wilson Academy Incorporated ($1.4m) and Sew Powerful ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $42k (7.8% of expenses). Other salaries and wages came to $306k. At year end it held assets of $2.6m against liabilities of $543, net assets of $2.6m. It reported 23 employees.