Community Music School Of Springfield Inc
Community Music School of Springfield: Steady Growth, Strong Program Focus
EIN: 222501478 · Springfield, MA · NTEE: A6E0 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $3.0M |
| Program Spending | 80% |
| Net Assets | $4.7M |
| Transparency Score | 85/100 |
Is Community Music School Of Springfield Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Music School Of Springfield Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Music School Of Springfield Inc
Community Music School Of Springfield Inc (EIN: 222501478) is a nonprofit organization based in Springfield, MA, classified under NTEE code A6E0. The organization reported total revenue of $3.2M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Music School Of Springfield Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Music School Of Springfield Inc is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-498,107 |
| Total Assets | $5.2M |
| Total Liabilities | $496K |
| Net Assets | $4.7M |
| Operating Margin | -19.6% |
| Debt-to-Asset Ratio | 9.5% |
| Months of Reserves | 20.5 months |
Financial Health Grade: B
In 2023, Community Music School Of Springfield Inc reported a deficit of $498K with expenses exceeding revenue, holds 20.5 months of operating reserves (strong position), has a debt-to-asset ratio of 9.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community Music School Of Springfield Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.0% | +27.4% | -8.5% |
| 2022 | +108.7% | +29.0% | +40.8% |
| 2021 | -9.0% | -11.8% | +5.1% |
| 2020 | +13.2% | +7.0% | +2.2% |
| 2019 | +17.1% | +11.2% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
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 Community Music School Of Springfield Inc with a Mission Score of 85 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Community Music School Of Springfield Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 deficit of $498K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.5%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided high-level financial data, making a specific assessment difficult without further IRS Form 990 details.
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 Community Music School Of Springfield Inc:
- Consistent revenue generation and asset growth over several years, indicating stable operations.
- Strong program focus, with a high percentage of expenses likely directed towards direct services.
- Healthy asset base of $5,645,466 as of the latest filing, providing financial stability.
Frequently Asked Questions about Community Music School Of Springfield Inc
Is Community Music School Of Springfield Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Music School Of Springfield Inc (EIN: 222501478) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Community Music School Of Springfield Inc spend its money?
Community Music School Of Springfield Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Music School Of Springfield Inc tax-deductible?
Community Music School Of Springfield Inc is registered as a tax-exempt nonprofit (EIN: 222501478). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Community Music School Of Springfield Inc's spending goes to programs?
Community Music School Of Springfield Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Community Music School Of Springfield Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Community Music School Of Springfield Inc 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 Community Music School Of Springfield Inc located?
Community Music School Of Springfield Inc is headquartered in Springfield, Massachusetts and files with the IRS under EIN 222501478. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does Community Music School Of Springfield Inc have?
Community Music School Of Springfield Inc 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 $3.2M in total revenue.
What does Community Music School Of Springfield Inc do?
Community Music School Of Springfield Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Springfield, Massachusetts. It is classified under NTEE code A6E0.
How much revenue does Community Music School Of Springfield Inc have?
Community Music School Of Springfield Inc reported total revenue of $3,165,040. Based on 13 IRS 990 filings on record.
What are Community Music School Of Springfield Inc's total assets?
Community Music School Of Springfield Inc holds total assets of $5,645,466 as reported in IRS 990 filings.
Where is Community Music School Of Springfield Inc located?
Community Music School Of Springfield Inc is based in Springfield, Massachusetts.
What is Community Music School Of Springfield Inc's EIN?
Community Music School Of Springfield Inc's Employer Identification Number (EIN) is 222501478. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Community Music School Of Springfield Inc?
Community Music School Of Springfield Inc is classified under NTEE code A6E0 (Arts, Culture & Humanities).
Is Community Music School Of Springfield Inc a registered 501(c)(3)?
Yes, Community Music School Of Springfield Inc is recognized as a tax-exempt organization by the IRS. EIN: 222501478.
Does Community Music School Of Springfield Inc file IRS Form 990?
Yes, Community Music School Of Springfield Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Community Music School Of Springfield Inc's revenue in 2023?
In the 202306 filing period, Community Music School Of Springfield Inc reported total revenue of $2,544,962, total expenses of $3,043,069, and net assets of $5,210,410.
Is Community Music School Of Springfield Inc's revenue growing or declining?
Community Music School Of Springfield Inc's revenue is declining. Revenue went from $4,175,399 (202206) to $2,544,962 (202306), a -39.0% change. Based on 13 filings on record.
What is Community Music School Of Springfield Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Community Music School Of Springfield Inc covers tax period 202306. It shows revenue of $2,544,962, expenses of $3,043,069, total assets of $5,210,410, and liabilities of $496,404.
How much does Community Music School Of Springfield Inc spend on programs vs administration?
Based on IRS 990 analysis, Community Music School Of Springfield Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Community Music School Of Springfield Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Community Music School Of Springfield Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Community Music School Of Springfield Inc's strengths?
Positive indicators for Community Music School Of Springfield Inc include: Consistent revenue generation and asset growth over several years, indicating stable operations.. Strong program focus, with a high percentage of expenses likely directed towards direct services.. Healthy asset base of $5,645,466 as of the latest filing, providing financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Community Music School Of Springfield Inc compensate executives?
Executive compensation is not explicitly detailed in the provided high-level financial data, making a specific assessment difficult without further IRS Form 990 details. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Community Music School Of Springfield Inc?
• The organization consistently reports its financial data, with revenues and expenses clearly detailed in annual filings. • No significant related-party transactions or conflicts of interest are apparent from the available data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has the organization managed to grow its assets from $3,749,520 in 2018 to $5,645,466 in 2023 despite fluctuating revenues?
The organization has consistently maintained expenses below revenues in most years, allowing for accumulation of assets. For example, in 2022, revenues were $4,175,399 while expenses were $2,389,115, contributing significantly to asset growth.
What specific programs or initiatives contributed to the significant revenue increase from $2,001,147 in 2021 to $4,175,399 in 2022?
While the provided data doesn't detail specific program initiatives, this substantial revenue jump suggests a successful fundraising campaign, a large grant, or expansion of services during that period, warranting further investigation into their annual reports or Form 990 for specifics.
Filing History
IRS 990 filing history for Community Music School Of Springfield Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Music School Of Springfield Inc's revenue has grown by 124.7%, moving from $1.1M to $2.5M. Total assets increased by 41.4% over the same period, from $3.7M to $5.2M. Total functional expenses rose by 100.5%, from $1.5M to $3.0M. In its most recent filing year (2023), Community Music School Of Springfield Inc reported a deficit of $498K, with expenses exceeding revenue. The organization holds $496K in liabilities against $5.2M in assets (debt-to-asset ratio: 9.5%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $3.0M | $5.2M | $496K | — | — |
| 2022 | $4.2M | $2.4M | $5.7M | $502K | — | View 990 |
| 2021 | $2.0M | $1.9M | $4.0M | $595K | — | View 990 |
| 2020 | $2.2M | $2.1M | $3.8M | $620K | — | View 990 |
| 2019 | $1.9M | $2.0M | $3.8M | $651K | — | View 990 |
| 2018 | $1.7M | $1.8M | $3.7M | $635K | — | View 990 |
| 2017 | $1.6M | $1.7M | $3.8M | $583K | — | View 990 |
| 2016 | $1.4M | $1.6M | $3.9M | $505K | — | View 990 |
| 2015 | $1.8M | $1.4M | $4.1M | $570K | — | View 990 |
| 2014 | $1.3M | $1.3M | $4.1M | $899K | — | View 990 |
| 2013 | $1.5M | $1.3M | $4.1M | $852K | — | View 990 |
| 2012 | $1.2M | $1.4M | $3.4M | $255K | — | View 990 |
| 2011 | $1.1M | $1.5M | $3.7M | $382K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $3.0M, and assets of $5.2M (revenue -39.0% year-over-year).
- 2022: Revenue of $4.2M, expenses of $2.4M, and assets of $5.7M (revenue +108.7% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.9M, and assets of $4.0M (revenue -9.0% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.1M, and assets of $3.8M (revenue +13.2% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.0M, and assets of $3.8M (revenue +17.1% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.8M, and assets of $3.7M (revenue +5.2% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.7M, and assets of $3.8M (revenue +11.6% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.6M, and assets of $3.9M (revenue -19.9% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.4M, and assets of $4.1M (revenue +40.0% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.3M, and assets of $4.1M (revenue -13.5% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $4.1M (revenue +17.7% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.4M, and assets of $3.4M (revenue +9.2% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.5M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Music School Of Springfield Inc:
Data Sources and Methodology
This transparency report for Community Music School Of Springfield Inc 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.