Neighborhood Music School Association

Analysis

Neighborhood Music School Association is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1945, 81 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, Neighborhood Music School Association reported income of $1.4m and spending of $866k, leaving 38% of income unspent that year. Across the 5 years on record, from February 2019 to February 2023, income grew from $599k to $1.4m (+131%), an average of +23% a year. The sharpest change came in the year to February 2022, when income rose by 420%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Neighborhood Music School Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Afsa Education Foundation ($1.4m), Oconee Performing Arts Society Inc ($1.4m) and Jackson Wild ($1.4m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 72% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $106k (12% of expenses). Other salaries and wages came to $402k. At year end it held assets of $5.5m against liabilities of $183k, net assets of $5.3m. It reported 34 employees.