Handmade Music School

Analysis

Handmade Music School is a registered charity in United States, based in Floyd, VA. It received its IRS tax-exemption ruling in January 2026. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Handmade Music School reported income of $129k and spending of $105k, spending 81% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $65k to $129k (+98%), an average of +98% a year. The sharpest change came in the year to December 2020, when income rose by 98%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Handmade Music School sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include Highland North Music ($129k), Cotton Museum Inc ($129k) and Abet Foundation Inc ($129k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $6,555 (6.2% of expenses). Other salaries and wages came to $8,415. At year end it held assets of $112k against liabilities of $66k, net assets of $46k. It reported 4 employees.