Brooklyn Music School
Brooklyn Music School shows consistent revenue growth and strong financial health with no reported officer compensation.
EIN: 116000202 · Brooklyn, NY · NTEE: A6E0 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $3.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.7M |
| Transparency Score | 92/100 |
Is Brooklyn Music School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brooklyn Music School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brooklyn Music School
Brooklyn Music School (EIN: 116000202) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code A6E0. The organization reported total revenue of $3.4M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooklyn Music School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brooklyn Music School is a mid-size nonprofit that has been operating for 90 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$364K |
| Total Assets | $1.8M |
| Total Liabilities | $64K |
| Net Assets | $1.7M |
| Operating Margin | 10.8% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 7.2 months |
Financial Health Grade: A
In 2023, Brooklyn Music School reported a surplus of $364K with revenue exceeding expenses, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Brooklyn Music School's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | -1.2% | +-0.0% |
| 2022 | +36.8% | +33.5% | -16.3% |
| 2021 | -6.1% | -12.7% | +68.8% |
| 2020 | -9.3% | -20.9% | +101.5% |
| 2019 | +10.5% | +18.2% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1936 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brooklyn Music School with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Brooklyn Music School allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $364K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.6%.
Executive Compensation Analysis
The Brooklyn Music School consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly commendable for a nonprofit of its size with over $3 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Brooklyn Music School:
- Consistent revenue growth from $1.0M in 2014 to $3.3M in 2023.
- Positive net income in recent years (e.g., $364,118 in 2023).
- Zero reported officer compensation across all filings, indicating strong governance.
- Healthy and growing asset base ($1.8M in 2023) with low liabilities.
- Extensive IRS 990 filing history (13 filings) demonstrating strong transparency.
Frequently Asked Questions about Brooklyn Music School
Is Brooklyn Music School a legitimate charity?
Brooklyn Music School (EIN: 116000202) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.4M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Brooklyn Music School spend its money?
Brooklyn Music School directs 80% of its spending to programs and services. Fundraising costs 8%. This exceeds the 65% industry benchmark.
Are donations to Brooklyn Music School tax-deductible?
Brooklyn Music School is registered as a tax-exempt nonprofit (EIN: 116000202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brooklyn Music School CEO make?
Brooklyn Music School's highest-compensated officer earns $3 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brooklyn Music School's spending goes to programs?
Brooklyn Music School directs 80% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brooklyn Music School compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Brooklyn Music School is above average for NTEE category A6E0 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brooklyn Music School located?
Brooklyn Music School is headquartered in Brooklyn, New York and files with the IRS under EIN 116000202. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does Brooklyn Music School have?
Brooklyn Music School has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.4M in total revenue.
Is Brooklyn Music School a good charity?
Based on its financial data, Brooklyn Music School appears to be a very good charity. It demonstrates strong financial health with consistent revenue growth, positive net income in recent years, and a growing asset base. The organization also exhibits excellent transparency and a commitment to its mission by reporting 0% officer compensation.
How has Brooklyn Music School's revenue changed over time?
Brooklyn Music School has experienced significant revenue growth, increasing from $1,037,659 in 2014 to $3,380,543 in 2023, representing over a 225% increase in a decade.
What is the organization's financial stability?
The organization shows strong financial stability. It has consistently maintained positive net income in recent years (e.g., $364,118 in 2023) and has a healthy asset base of $1,805,447 against relatively low liabilities of $64,247 in 2023, indicating a strong financial position.
Filing History
IRS 990 filing history for Brooklyn Music School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brooklyn Music School's revenue has grown by 399%, moving from $678K to $3.4M. Total assets increased by 365.1% over the same period, from $388K to $1.8M. Total functional expenses rose by 331.7%, from $699K to $3.0M. In its most recent filing year (2023), Brooklyn Music School reported a surplus of $364K, with revenue exceeding expenses. The organization holds $64K in liabilities against $1.8M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.0M | $1.8M | $64K | — | View 990 |
| 2022 | $3.6M | $3.1M | $1.8M | $429K | — | View 990 |
| 2021 | $2.6M | $2.3M | $2.2M | $1.4M | — | — |
| 2020 | $2.8M | $2.6M | $1.3M | $933K | — | — |
| 2019 | $3.1M | $3.3M | $634K | $575K | — | View 990 |
| 2018 | $2.8M | $2.8M | $684K | $425K | — | View 990 |
| 2017 | $2.0M | $2.1M | $511K | $272K | — | View 990 |
| 2016 | $1.6M | $1.6M | $466K | $181K | — | View 990 |
| 2015 | $1.4M | $1.4M | $455K | $124K | — | View 990 |
| 2014 | $1.0M | $929K | $420K | $59K | — | View 990 |
| 2013 | $755K | $728K | $367K | $124K | — | View 990 |
| 2012 | $614K | $633K | $359K | $151K | — | View 990 |
| 2011 | $678K | $699K | $388K | $165K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.0M, and assets of $1.8M (revenue -6.7% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.1M, and assets of $1.8M (revenue +36.8% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.3M, and assets of $2.2M (revenue -6.1% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.6M, and assets of $1.3M (revenue -9.3% year-over-year).
- 2019: Revenue of $3.1M, expenses of $3.3M, and assets of $634K (revenue +10.5% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.8M, and assets of $684K (revenue +39.0% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.1M, and assets of $511K (revenue +28.5% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $466K (revenue +14.1% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $455K (revenue +33.1% year-over-year).
- 2014: Revenue of $1.0M, expenses of $929K, and assets of $420K (revenue +37.5% year-over-year).
- 2013: Revenue of $755K, expenses of $728K, and assets of $367K (revenue +23.0% year-over-year).
- 2012: Revenue of $614K, expenses of $633K, and assets of $359K (revenue -9.4% year-over-year).
- 2011: Revenue of $678K, expenses of $699K, and assets of $388K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brooklyn Music School:
Data Sources and Methodology
This transparency report for Brooklyn Music School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.