Westport School Of Music Inc
EIN: 60728651 · Westport, CT · NTEE: A6E0
| Metric | Value |
|---|---|
| Total Revenue | $241K |
| Total Expenses | $354K |
Is Westport 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 Westport School Of Music Inc
Westport School Of Music Inc (EIN: 60728651) is a nonprofit organization based in Westport, CT, classified under NTEE code A6E0. The organization reported total revenue of $241K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westport School Of Music Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westport School Of Music Inc is a small nonprofit that has been operating for 67 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $262K |
| Total Expenses | $354K |
| Surplus / Deficit | $-92,348 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -35.3% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, Westport School Of Music Inc reported a deficit of $92K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Westport School Of Music Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.2% | +20.8% | -100.0% |
| 2022 | -65.2% | +8.8% | -15.4% |
| 2021 | +214.3% | -9.2% | +441.6% |
| 2020 | -30.3% | -9.2% | -32.7% |
| 2019 | -1.5% | -11.4% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1959 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Westport 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 Westport 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 deficit of $92K, with expenses exceeding revenue.
Frequently Asked Questions about Westport School Of Music Inc
Is Westport School Of Music Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Westport School Of Music Inc (EIN: 60728651) insufficient data. 0 red flags identified, 0 strengths noted.
How does Westport School Of Music Inc spend its money?
Detailed spending breakdown data is not yet available for Westport School Of Music Inc. Check back for updated IRS 990 analysis.
Are donations to Westport School Of Music Inc tax-deductible?
Westport School Of Music Inc is registered as a tax-exempt nonprofit (EIN: 60728651). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Westport School Of Music Inc located?
Westport School Of Music Inc is headquartered in Westport, Connecticut and files with the IRS under EIN 60728651. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does Westport School Of Music Inc have?
Westport School Of Music 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 $241K in total revenue.
Filing History
IRS 990 filing history for Westport School Of Music Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Westport School Of Music Inc's revenue has declined by 27.3%, moving from $360K to $262K. Total assets decreased by 100% over the same period, from $236K to $0. Total functional expenses fell by 4.4%, from $370K to $354K. In its most recent filing year (2023), Westport School Of Music Inc reported a deficit of $92K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $262K | $354K | $0 | $0 | — | View 990 |
| 2022 | $251K | $293K | $534K | $0 | — | View 990 |
| 2021 | $721K | $269K | $632K | $2K | — | View 990 |
| 2020 | $229K | $297K | $117K | $14K | — | View 990 |
| 2019 | $329K | $327K | $173K | $3K | — | View 990 |
| 2018 | $334K | $369K | $174K | $6K | — | View 990 |
| 2017 | $295K | $299K | $207K | $4K | — | View 990 |
| 2016 | $340K | $342K | $211K | $5K | — | View 990 |
| 2015 | $327K | $352K | $212K | $4K | — | View 990 |
| 2014 | $342K | $352K | $238K | $4K | — | View 990 |
| 2013 | $353K | $347K | $249K | $5K | — | View 990 |
| 2012 | $371K | $365K | $242K | $5K | — | View 990 |
| 2011 | $360K | $370K | $236K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $262K, expenses of $354K, and assets of $0 (revenue +4.2% year-over-year).
- 2022: Revenue of $251K, expenses of $293K, and assets of $534K (revenue -65.2% year-over-year).
- 2021: Revenue of $721K, expenses of $269K, and assets of $632K (revenue +214.3% year-over-year).
- 2020: Revenue of $229K, expenses of $297K, and assets of $117K (revenue -30.3% year-over-year).
- 2019: Revenue of $329K, expenses of $327K, and assets of $173K (revenue -1.5% year-over-year).
- 2018: Revenue of $334K, expenses of $369K, and assets of $174K (revenue +13.0% year-over-year).
- 2017: Revenue of $295K, expenses of $299K, and assets of $207K (revenue -13.1% year-over-year).
- 2016: Revenue of $340K, expenses of $342K, and assets of $211K (revenue +4.0% year-over-year).
- 2015: Revenue of $327K, expenses of $352K, and assets of $212K (revenue -4.5% year-over-year).
- 2014: Revenue of $342K, expenses of $352K, and assets of $238K (revenue -3.1% year-over-year).
- 2013: Revenue of $353K, expenses of $347K, and assets of $249K (revenue -4.7% year-over-year).
- 2012: Revenue of $371K, expenses of $365K, and assets of $242K (revenue +3.1% year-over-year).
- 2011: Revenue of $360K, expenses of $370K, and assets of $236K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westport School Of Music Inc:
Data Sources and Methodology
This transparency report for Westport 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.