David Hochstein Memorial Music School Inc
David Hochstein Memorial Music School Inc. shows strong financial growth and asset accumulation with no reported officer compensation.
EIN: 160768758 · Rochester, NY · NTEE: A6E0 · Updated: 2026-03-28
Is David Hochstein Memorial Music School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
David Hochstein Memorial Music School Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About David Hochstein Memorial Music School Inc
David Hochstein Memorial Music School Inc (EIN: 160768758) is a nonprofit organization based in Rochester, NY, classified under NTEE code A6E0. The organization reported total revenue of $5.1M and total assets of $11.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of David Hochstein Memorial Music School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates David Hochstein Memorial Music School 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, David Hochstein Memorial Music School 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.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation for the David Hochstein Memorial Music School Inc. This is highly unusual for an organization with annual revenues exceeding $4 million and assets over $10 million, suggesting that executive leadership may be compensated under different categories or that the top leadership roles are entirely volunteer-based, which would be a significant strength in terms of resource allocation.
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.
Red Flags
The following concerns were identified during AI analysis of David Hochstein Memorial Music School Inc's IRS 990 filings:
- Consistent 0% officer compensation reported on 990s, which is unusual for an organization of this size and warrants further investigation into executive compensation structures.
Strengths
The following positive indicators were identified for David Hochstein Memorial Music School Inc:
- Strong and consistent revenue growth, increasing from $2.9 million in 2014 to $4.3 million in 2023.
- Excellent financial solvency with assets significantly exceeding liabilities (e.g., $10.1M assets vs. $295K liabilities in 2023).
- Healthy asset accumulation, growing from $8.6 million in 2014 to over $10.1 million in 2023.
- Expenses generally tracking below revenue in recent years, indicating efficient financial management (e.g., $3.7M expenses vs. $4.3M revenue in 2023).
Frequently Asked Questions about David Hochstein Memorial Music School Inc
Is David Hochstein Memorial Music School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, David Hochstein Memorial Music School Inc (EIN: 160768758) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does David Hochstein Memorial Music School Inc spend its money?
David Hochstein Memorial Music School Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to David Hochstein Memorial Music School Inc tax-deductible?
David Hochstein Memorial Music School Inc is registered as a tax-exempt nonprofit (EIN: 160768758). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is David Hochstein Memorial Music School Inc. financially stable?
Yes, the organization demonstrates strong financial stability, with consistent revenue growth from $2.9 million in 2014 to $4.3 million in 2023, and a healthy asset base of $10.1 million in 2023, significantly exceeding liabilities.
How has the organization's revenue trended over the past decade?
Revenue has shown a positive upward trend, increasing from $2,982,356 in 2015 to $4,370,404 in 2023, indicating growing support and demand for its services.
What is the organization's asset-to-liability ratio?
In 2023, the organization had assets of $10,188,358 and liabilities of $295,326, resulting in a very strong asset-to-liability ratio of approximately 34.5:1, indicating excellent financial solvency.
Why is officer compensation reported as 0%?
The IRS 990 filings consistently show 0% officer compensation. This could mean that executive leadership is compensated through other means not classified as 'officer compensation' on the 990, or that the top leadership positions are filled by volunteers, which would be a highly efficient use of resources.
Filing History
IRS 990 filing history for David Hochstein Memorial Music School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), David Hochstein Memorial Music School Inc's revenue has grown by 38.4%, moving from $3.2M to $4.4M. Total assets increased by 19.2% over the same period, from $8.5M to $10.2M. Total functional expenses rose by 25.4%, from $3.0M to $3.7M. In its most recent filing year (2023), David Hochstein Memorial Music School Inc reported a surplus of $670K, with revenue exceeding expenses. The organization holds $295K in liabilities against $10.2M in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $9.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $3.7M | $10.2M | $295K | — | View 990 |
| 2022 | $4.3M | $3.4M | $9.1M | $234K | — | View 990 |
| 2021 | $3.4M | $2.9M | $9.8M | $646K | — | View 990 |
| 2020 | $3.0M | $3.2M | $8.2M | $556K | — | View 990 |
| 2019 | $3.1M | $3.2M | $7.8M | $193K | — | View 990 |
| 2018 | $3.1M | $3.1M | $7.8M | $243K | — | View 990 |
| 2017 | $3.0M | $3.2M | $7.7M | $273K | — | View 990 |
| 2016 | $2.9M | $3.1M | $7.8M | $315K | — | View 990 |
| 2015 | $3.0M | $3.1M | $8.1M | $352K | — | View 990 |
| 2014 | $3.2M | $3.1M | $8.6M | $413K | — | View 990 |
| 2013 | $2.9M | $3.0M | $8.3M | $475K | — | View 990 |
| 2012 | $2.9M | $2.9M | $8.4M | $479K | — | View 990 |
| 2011 | $3.2M | $3.0M | $8.5M | $579K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $3.7M, and assets of $10.2M (revenue +2.8% year-over-year).
- 2022: Revenue of $4.3M, expenses of $3.4M, and assets of $9.1M (revenue +24.5% year-over-year).
- 2021: Revenue of $3.4M, expenses of $2.9M, and assets of $9.8M (revenue +13.9% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.2M, and assets of $8.2M (revenue -2.9% year-over-year).
- 2019: Revenue of $3.1M, expenses of $3.2M, and assets of $7.8M (revenue +1.2% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.1M, and assets of $7.8M (revenue +2.9% year-over-year).
- 2017: Revenue of $3.0M, expenses of $3.2M, and assets of $7.7M (revenue +3.9% year-over-year).
- 2016: Revenue of $2.9M, expenses of $3.1M, and assets of $7.8M (revenue -4.2% year-over-year).
- 2015: Revenue of $3.0M, expenses of $3.1M, and assets of $8.1M (revenue -5.9% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.1M, and assets of $8.6M (revenue +9.6% year-over-year).
- 2013: Revenue of $2.9M, expenses of $3.0M, and assets of $8.3M (revenue -1.2% year-over-year).
- 2012: Revenue of $2.9M, expenses of $2.9M, and assets of $8.4M (revenue -7.4% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.0M, and assets of $8.5M.
Data Sources and Methodology
This transparency report for David Hochstein Memorial Music School 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.