Nashua Community Music School
Nashua Community Music School: Strong Program Spending, but Declining Assets Raise Questions
EIN: 222528771 · Nashua, NH · NTEE: A6E0 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $611K |
| Total Expenses | $644K |
| Program Spending | 85% |
| Net Assets | $-17,867 |
| Transparency Score | 85/100 |
Is Nashua Community Music School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nashua Community Music School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nashua Community Music School
Nashua Community Music School (EIN: 222528771) is a nonprofit organization based in Nashua, NH, classified under NTEE code A6E0. The organization reported total revenue of $611K and total assets of $128K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nashua Community Music School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nashua Community Music School is a small nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $608K |
| Total Expenses | $644K |
| Surplus / Deficit | $-36,155 |
| Total Assets | $128K |
| Total Liabilities | $146K |
| Net Assets | $-17,867 |
| Operating Margin | -5.9% |
| Debt-to-Asset Ratio | 113.9% |
| Months of Reserves | 2.4 months |
Financial Health Grade: D
In 2024, Nashua Community Music School reported a deficit of $36K with expenses exceeding revenue, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 113.9% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Nashua Community Music School's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +17.2% | +8.9% | -14.7% |
| 2023 | +9.0% | +33.2% | -31.4% |
| 2022 | +31.3% | +20.3% | -4.8% |
| 2021 | -6.9% | -4.8% | +23.4% |
| 2020 | +8.0% | +16.6% | +41.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1985 |
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 Nashua Community Music School 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: 5%
- programs: 85%
- fundraising: 10%
According to IRS 990 filings, Nashua Community Music School allocates its expenses as follows: admin: 5%, programs: 85%, fundraising: 10%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 113.9%.
Executive Compensation Analysis
Executive compensation is not detailed in the provided data, making a specific assessment difficult beyond noting its inclusion within overall expenses.
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 Nashua Community Music School's IRS 990 filings:
- Total assets have shown a consistent decline from $230,037 in 2021 to $128,189 in 2024, warranting further investigation.
- Expenses have exceeded revenue in multiple recent years (e.g., 2024: revenue $607,843 vs. expenses $643,998; 2023: revenue $518,507 vs. expenses $591,096).
Strengths
The following positive indicators were identified for Nashua Community Music School:
- Consistently high percentage of spending on programs, indicating a strong commitment to its mission.
- Revenue has shown significant growth from $202,191 in 2017 to $607,843 in 2024, demonstrating increased support.
- Low administrative and fundraising percentages suggest efficient operations.
Frequently Asked Questions about Nashua Community Music School
Is Nashua Community Music School a legitimate charity?
Based on AI analysis of IRS 990 filings, Nashua Community Music School (EIN: 222528771) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Nashua Community Music School spend its money?
Nashua Community Music School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nashua Community Music School tax-deductible?
Nashua Community Music School is registered as a tax-exempt nonprofit (EIN: 222528771). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nashua Community Music School's spending goes to programs?
Nashua Community Music School directs 85% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nashua Community Music School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Nashua Community 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 Nashua Community Music School located?
Nashua Community Music School is headquartered in Nashua, New Hampshire and files with the IRS under EIN 222528771. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does Nashua Community Music School have?
Nashua Community Music School has 14 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 $611K in total revenue.
What does Nashua Community Music School do?
Nashua Community Music School is a nonprofit organization in the Arts, Culture & Humanities sector, located in Nashua, New Hampshire. It is classified under NTEE code A6E0.
How much revenue does Nashua Community Music School have?
Nashua Community Music School reported total revenue of $610,935. Based on 14 IRS 990 filings on record.
What are Nashua Community Music School's total assets?
Nashua Community Music School holds total assets of $128,189 as reported in IRS 990 filings.
Where is Nashua Community Music School located?
Nashua Community Music School is based in Nashua, New Hampshire.
What is Nashua Community Music School's EIN?
Nashua Community Music School's Employer Identification Number (EIN) is 222528771. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Nashua Community Music School?
Nashua Community Music School is classified under NTEE code A6E0 (Arts, Culture & Humanities).
Is Nashua Community Music School a registered 501(c)(3)?
Yes, Nashua Community Music School is recognized as a tax-exempt organization by the IRS. EIN: 222528771.
Does Nashua Community Music School file IRS Form 990?
Yes, Nashua Community Music School has 14 IRS Form 990 filings on record. The most recent covers tax period 202408.
What was Nashua Community Music School's revenue in 2024?
In the 202408 filing period, Nashua Community Music School reported total revenue of $607,843, total expenses of $643,998, and net assets of $128,189.
Is Nashua Community Music School's revenue growing or declining?
Nashua Community Music School's revenue is growing. Revenue went from $518,507 (202308) to $607,843 (202408), a +17.2% change. Based on 14 filings on record.
What is Nashua Community Music School's most recent 990 filing?
The most recent IRS Form 990 filing for Nashua Community Music School covers tax period 202408. It shows revenue of $607,843, expenses of $643,998, total assets of $128,189, and liabilities of $146,056.
How much does Nashua Community Music School spend on programs vs administration?
Based on IRS 990 analysis, Nashua Community Music School allocates approximately 85% of expenses to program services, 5% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Nashua Community Music School a trustworthy charity?
Based on AI analysis of IRS 990 data, Nashua Community Music School appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Nashua Community Music School?
The following concerns were identified: Total assets have shown a consistent decline from $230,037 in 2021 to $128,189 in 2024, warranting further investigation.. Expenses have exceeded revenue in multiple recent years (e.g., 2024: revenue $607,843 vs. expenses $643,998; 2023: revenue $518,507 vs. expenses $591,096).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Nashua Community Music School's strengths?
Positive indicators for Nashua Community Music School include: Consistently high percentage of spending on programs, indicating a strong commitment to its mission.. Revenue has shown significant growth from $202,191 in 2017 to $607,843 in 2024, demonstrating increased support.. Low administrative and fundraising percentages suggest efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Nashua Community Music School compensate executives?
Executive compensation is not detailed in the provided data, making a specific assessment difficult beyond noting its inclusion within overall expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors are contributing to the consistent decline in total assets from $230,037 in 2021 to $128,189 in 2024, despite increasing revenues?
The decline in assets could be due to significant capital expenditures not reflected in annual expenses, increased liabilities, or a strategic decision to draw down reserves. Further financial statements would be needed to pinpoint the exact cause.
Given that expenses have exceeded revenue in recent years (e.g., 2024 and 2023), how is the organization sustaining its operations and what is the long-term financial strategy?
Sustained deficits typically draw from reserves or rely on prior year surpluses. The long-term strategy might involve increasing fundraising efforts, securing larger grants, or adjusting program costs to align with revenue, especially given the asset decline.
Filing History
IRS 990 filing history for Nashua Community Music School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Nashua Community Music School's revenue has grown by 255.8%, moving from $171K to $608K. Total assets increased by 339.9% over the same period, from $29K to $128K. Total functional expenses rose by 259.6%, from $179K to $644K. In its most recent filing year (2024), Nashua Community Music School reported a deficit of $36K, with expenses exceeding revenue. The organization holds $146K in liabilities against $128K in assets (debt-to-asset ratio: 113.9%), resulting in net assets of $-17,867.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $608K | $644K | $128K | $146K | — | — |
| 2023 | $519K | $591K | $150K | $132K | — | View 990 |
| 2022 | $476K | $444K | $219K | $128K | — | View 990 |
| 2021 | $362K | $369K | $230K | $171K | — | View 990 |
| 2020 | $389K | $387K | $186K | $121K | — | View 990 |
| 2019 | $360K | $332K | $132K | $67K | — | View 990 |
| 2018 | $302K | $261K | $95K | $59K | — | View 990 |
| 2017 | $202K | $186K | $47K | $52K | — | View 990 |
| 2016 | $160K | $157K | $23K | $44K | — | View 990 |
| 2015 | $156K | $145K | $21K | $44K | — | View 990 |
| 2014 | $120K | $129K | $17K | $52K | — | View 990 |
| 2013 | $148K | $159K | $18K | $43K | — | View 990 |
| 2012 | $167K | $173K | $27K | $41K | — | View 990 |
| 2011 | $171K | $179K | $29K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $608K, expenses of $644K, and assets of $128K (revenue +17.2% year-over-year).
- 2023: Revenue of $519K, expenses of $591K, and assets of $150K (revenue +9.0% year-over-year).
- 2022: Revenue of $476K, expenses of $444K, and assets of $219K (revenue +31.3% year-over-year).
- 2021: Revenue of $362K, expenses of $369K, and assets of $230K (revenue -6.9% year-over-year).
- 2020: Revenue of $389K, expenses of $387K, and assets of $186K (revenue +8.0% year-over-year).
- 2019: Revenue of $360K, expenses of $332K, and assets of $132K (revenue +19.4% year-over-year).
- 2018: Revenue of $302K, expenses of $261K, and assets of $95K (revenue +49.2% year-over-year).
- 2017: Revenue of $202K, expenses of $186K, and assets of $47K (revenue +26.7% year-over-year).
- 2016: Revenue of $160K, expenses of $157K, and assets of $23K (revenue +2.2% year-over-year).
- 2015: Revenue of $156K, expenses of $145K, and assets of $21K (revenue +30.3% year-over-year).
- 2014: Revenue of $120K, expenses of $129K, and assets of $17K (revenue -18.7% year-over-year).
- 2013: Revenue of $148K, expenses of $159K, and assets of $18K (revenue -11.7% year-over-year).
- 2012: Revenue of $167K, expenses of $173K, and assets of $27K (revenue -2.2% year-over-year).
- 2011: Revenue of $171K, expenses of $179K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nashua Community Music School:
Data Sources and Methodology
This transparency report for Nashua Community 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.