The Concord Community Music School
Concord Community Music School: Steady Finances, Strong Program Focus
EIN: 222552850 · Concord, NH · NTEE: A6E0 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $870K |
| Transparency Score | 85/100 |
Is The Concord Community Music School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Concord Community Music School directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Concord Community Music School
The Concord Community Music School (EIN: 222552850) is a nonprofit organization based in Concord, NH, classified under NTEE code A6E0. The organization reported total revenue of $1.4M and total assets of $960K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Concord Community Music School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Concord Community Music School 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 -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$175K |
| Total Assets | $1.5M |
| Total Liabilities | $607K |
| Net Assets | $870K |
| Operating Margin | 10.3% |
| Debt-to-Asset Ratio | 41.1% |
| Months of Reserves | 11.6 months |
Financial Health Grade: A
In 2023, The Concord Community Music School reported a surplus of $175K with revenue exceeding expenses, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 41.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Concord Community Music School's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.2% | +8.4% | +7.0% |
| 2022 | +0.3% | +7.8% | -10.6% |
| 2021 | +14.1% | -15.5% | -1.2% |
| 2020 | +1.0% | -5.5% | -7.3% |
| 2019 | -33.9% | -4.4% | -13.8% |
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 The Concord 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, The Concord Community Music School allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $175K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as the organization consistently reports $0 for compensation to officers, directors, trustees, and key employees, suggesting a volunteer-led or very low-paid leadership structure.
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 The Concord Community Music School:
- Consistent revenue generation over several years, indicating stable donor support and program demand.
- Strong focus on program services, with a high percentage of expenses allocated to direct mission activities.
- Healthy asset base, providing financial stability and capacity for future growth.
- Low liability-to-asset ratio, suggesting good financial management and limited debt burden.
Frequently Asked Questions about The Concord Community Music School
Is The Concord Community Music School a legitimate charity?
Based on AI analysis of IRS 990 filings, The Concord Community Music School (EIN: 222552850) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does The Concord Community Music School spend its money?
The Concord Community Music School directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Concord Community Music School tax-deductible?
The Concord Community Music School is registered as a tax-exempt nonprofit (EIN: 222552850). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Concord Community Music School CEO make?
The Concord Community Music School's highest-compensated officer earns $0 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Concord Community Music School's spending goes to programs?
The Concord Community Music School directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Concord Community Music School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Concord 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 The Concord Community Music School located?
The Concord Community Music School is headquartered in Concord, New Hampshire and files with the IRS under EIN 222552850. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does The Concord Community Music School have?
The Concord Community 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 $1.4M in total revenue.
What does The Concord Community Music School do?
The Concord Community Music School is a nonprofit organization in the Arts, Culture & Humanities sector, located in Concord, New Hampshire. It is classified under NTEE code A6E0.
How much revenue does The Concord Community Music School have?
The Concord Community Music School reported total revenue of $1,402,689. Based on 13 IRS 990 filings on record.
What are The Concord Community Music School's total assets?
The Concord Community Music School holds total assets of $959,893 as reported in IRS 990 filings.
Where is The Concord Community Music School located?
The Concord Community Music School is based in Concord, New Hampshire.
What is The Concord Community Music School's EIN?
The Concord Community Music School's Employer Identification Number (EIN) is 222552850. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Concord Community Music School?
The Concord Community Music School is classified under NTEE code A6E0 (Arts, Culture & Humanities).
Is The Concord Community Music School a registered 501(c)(3)?
Yes, The Concord Community Music School is recognized as a tax-exempt organization by the IRS. EIN: 222552850.
Does The Concord Community Music School file IRS Form 990?
Yes, The Concord Community Music School has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was The Concord Community Music School's revenue in 2023?
In the 202306 filing period, The Concord Community Music School reported total revenue of $1,704,070, total expenses of $1,529,389, and net assets of $1,477,813.
Is The Concord Community Music School's revenue growing or declining?
The Concord Community Music School's revenue is growing. Revenue went from $1,590,338 (202206) to $1,704,070 (202306), a +7.2% change. Based on 13 filings on record.
What is The Concord Community Music School's most recent 990 filing?
The most recent IRS Form 990 filing for The Concord Community Music School covers tax period 202306. It shows revenue of $1,704,070, expenses of $1,529,389, total assets of $1,477,813, and liabilities of $607,455.
How much does The Concord Community Music School spend on programs vs administration?
Based on IRS 990 analysis, The Concord Community Music School allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The Concord Community Music School a trustworthy charity?
Based on AI analysis of IRS 990 data, The Concord Community Music School appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are The Concord Community Music School's strengths?
Positive indicators for The Concord Community Music School include: Consistent revenue generation over several years, indicating stable donor support and program demand.. Strong focus on program services, with a high percentage of expenses allocated to direct mission activities.. Healthy asset base, providing financial stability and capacity for future growth.. Low liability-to-asset ratio, suggesting good financial management and limited debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does The Concord Community Music School compensate executives?
Executive compensation is not explicitly detailed in the provided data, as the organization consistently reports $0 for compensation to officers, directors, trustees, and key employees, suggesting a volunteer-led or very low-paid leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is The Concord Community Music School?
• Financial statements are publicly available through IRS Form 990 filings. • The organization consistently reports 0% compensation to officers, directors, trustees, and key employees from unrelated organizations. • Detailed program service accomplishments are provided, outlining the scope of music education and community engagement. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization manage to report $0 in compensation for officers, directors, trustees, and key employees, and what implications does this have for its operational model?
The consistent reporting of $0 for compensation to key personnel suggests that leadership roles may be primarily volunteer-based or compensated through non-reportable means, such as stipends below reporting thresholds. This model can significantly reduce administrative overhead, allowing more funds to be directed towards programs, but it might also pose challenges in attracting and retaining professional leadership without competitive compensation.
Filing History
IRS 990 filing history for The Concord Community Music School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Concord Community Music School's revenue has declined by 2.3%, moving from $1.7M to $1.7M. Total assets decreased by 28% over the same period, from $2.1M to $1.5M. Total functional expenses fell by 13.1%, from $1.8M to $1.5M. In its most recent filing year (2023), The Concord Community Music School reported a surplus of $175K, with revenue exceeding expenses. The organization holds $607K in liabilities against $1.5M in assets (debt-to-asset ratio: 41.1%), resulting in net assets of $870K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.5M | $1.5M | $607K | — | — |
| 2022 | $1.6M | $1.4M | $1.4M | $686K | — | View 990 |
| 2021 | $1.6M | $1.3M | $1.5M | $984K | — | View 990 |
| 2020 | $1.4M | $1.5M | $1.6M | $1.3M | — | — |
| 2019 | $1.4M | $1.6M | $1.7M | $1.3M | — | View 990 |
| 2018 | $2.1M | $1.7M | $2.0M | $1.3M | — | View 990 |
| 2017 | $1.6M | $1.7M | $1.6M | $1.3M | — | View 990 |
| 2016 | $1.5M | $1.7M | $1.7M | $1.3M | — | View 990 |
| 2015 | $1.9M | $1.7M | $1.9M | $1.3M | — | View 990 |
| 2014 | $1.6M | $1.8M | $1.9M | $1.4M | — | View 990 |
| 2013 | $1.5M | $1.9M | $2.1M | $1.4M | — | View 990 |
| 2012 | $1.9M | $1.9M | $2.3M | $1.2M | — | View 990 |
| 2011 | $1.7M | $1.8M | $2.1M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.5M, and assets of $1.5M (revenue +7.2% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.4M, and assets of $1.4M (revenue +0.3% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.3M, and assets of $1.5M (revenue +14.1% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.5M, and assets of $1.6M (revenue +1.0% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.6M, and assets of $1.7M (revenue -33.9% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.7M, and assets of $2.0M (revenue +32.3% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.7M, and assets of $1.6M (revenue +5.8% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.7M, and assets of $1.7M (revenue -20.5% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.7M, and assets of $1.9M (revenue +19.8% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.8M, and assets of $1.9M (revenue +5.0% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.9M, and assets of $2.1M (revenue -23.0% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $2.3M (revenue +10.9% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.8M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Concord Community Music School:
Data Sources and Methodology
This transparency report for The Concord 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.