Killingly School of Music

Analysis

Killingly School of Music is a registered charity in United States, based in Danielson, CT. It received its IRS tax-exemption ruling in November 2019, 7 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 December 2023, Killingly School of Music reported income of $135k and spending of $90k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $135k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Killingly School of Music sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within CT. Charities of a similar size with the same main cause include Windham Theatre Guild Inc ($135k), Bulloch County Historical Society ($135k) and Frank Bette Center for the Arts Inc ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.