New School Of Music Inc
EIN: 42598978 · Cambridge, MA · NTEE: A6E0
| Metric | Value |
|---|---|
| Total Revenue | $544K |
| Total Expenses | $545K |
| Net Assets | $268K |
Is New School Of Music Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New School Of Music Inc
New School Of Music Inc (EIN: 42598978) is a nonprofit organization based in Cambridge, MA, classified under NTEE code A6E0. The organization reported total revenue of $544K and total assets of $379K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New School Of Music Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New School Of Music Inc is a small nonprofit that has been operating for 50 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $590K |
| Total Expenses | $545K |
| Surplus / Deficit | +$45K |
| Total Assets | $439K |
| Total Liabilities | $171K |
| Net Assets | $268K |
| Operating Margin | 7.6% |
| Debt-to-Asset Ratio | 39.0% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2023, New School Of Music Inc reported a surplus of $45K with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 39.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), New School Of Music Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.0% | +3.9% | +5.6% |
| 2022 | +12.5% | +14.1% | +20.5% |
| 2021 | -18.8% | -13.1% | +3.8% |
| 2020 | +15.0% | +4.5% | +8.8% |
| 2019 | -3.1% | -0.1% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New School Of Music Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New School Of Music Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.0%.
Frequently Asked Questions about New School Of Music Inc
Is New School Of Music Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New School Of Music Inc (EIN: 42598978) insufficient data. 0 red flags identified, 0 strengths noted.
How does New School Of Music Inc spend its money?
Detailed spending breakdown data is not yet available for New School Of Music Inc. Check back for updated IRS 990 analysis.
Are donations to New School Of Music Inc tax-deductible?
New School Of Music Inc is registered as a tax-exempt nonprofit (EIN: 42598978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New School Of Music Inc located?
New School Of Music Inc is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 42598978. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does New School Of Music Inc have?
New School Of Music Inc has 12 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 $544K in total revenue.
Filing History
IRS 990 filing history for New School Of Music Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), New School Of Music Inc's revenue has grown by 91.5%, moving from $308K to $590K. Total assets increased by 525.9% over the same period, from $70K to $439K. Total functional expenses rose by 91.8%, from $284K to $545K. In its most recent filing year (2023), New School Of Music Inc reported a surplus of $45K, with revenue exceeding expenses. The organization holds $171K in liabilities against $439K in assets (debt-to-asset ratio: 39.0%), resulting in net assets of $268K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $590K | $545K | $439K | $171K | — | — |
| 2022 | $532K | $525K | $416K | $193K | — | View 990 |
| 2021 | $472K | $460K | $345K | $129K | — | View 990 |
| 2020 | $582K | $530K | $333K | $128K | — | View 990 |
| 2019 | $506K | $507K | $306K | $153K | — | View 990 |
| 2018 | $523K | $508K | $312K | $159K | — | View 990 |
| 2017 | $547K | $487K | $257K | $118K | — | View 990 |
| 2016 | $463K | $461K | $195K | $116K | — | View 990 |
| 2015 | $488K | $453K | $193K | $117K | — | View 990 |
| 2014 | $471K | $432K | $143K | $101K | — | View 990 |
| 2013 | $382K | $349K | $82K | $79K | — | View 990 |
| 2012 | $308K | $284K | $70K | $100K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $590K, expenses of $545K, and assets of $439K (revenue +11.0% year-over-year).
- 2022: Revenue of $532K, expenses of $525K, and assets of $416K (revenue +12.5% year-over-year).
- 2021: Revenue of $472K, expenses of $460K, and assets of $345K (revenue -18.8% year-over-year).
- 2020: Revenue of $582K, expenses of $530K, and assets of $333K (revenue +15.0% year-over-year).
- 2019: Revenue of $506K, expenses of $507K, and assets of $306K (revenue -3.1% year-over-year).
- 2018: Revenue of $523K, expenses of $508K, and assets of $312K (revenue -4.5% year-over-year).
- 2017: Revenue of $547K, expenses of $487K, and assets of $257K (revenue +18.2% year-over-year).
- 2016: Revenue of $463K, expenses of $461K, and assets of $195K (revenue -5.1% year-over-year).
- 2015: Revenue of $488K, expenses of $453K, and assets of $193K (revenue +3.5% year-over-year).
- 2014: Revenue of $471K, expenses of $432K, and assets of $143K (revenue +23.5% year-over-year).
- 2013: Revenue of $382K, expenses of $349K, and assets of $82K (revenue +23.8% year-over-year).
- 2012: Revenue of $308K, expenses of $284K, and assets of $70K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New School Of Music Inc:
Data Sources and Methodology
This transparency report for New School Of Music 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.