Arts, Culture & Humanities
(A68)
IRS Verified
DX Registered
990 on File
ENRICHING LIVES THROUGH MUSIC
Financial strength (30%)
69/100
Reliability (20%)
50/100
Effectiveness (25%)
75/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Enriching Lives through Music provides youth with an immersive music education and resources that inspire and empower them to pursue their dreams.
Financial Overview — FY 2024
$1.5M
Total Revenue
$1.2M
Total Expenses
$4.6M
Net Assets
21
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
68.3%
Fundraising Efficiency
N/A
Operating Reserve
46.46x
Liability-to-Asset
1.6%
Revenue Diversification
91.0%
Executive Compensation
$102K
Compared with Peers
FY 2024
Compared with 3,450 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
68.3% | 77.9% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.7% | 14.4% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
19.0% | 5.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
46.5 mo | 16.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.6% | 10.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
91.0% | 74.5% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-28.2% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
23.1% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
22.7% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.5M | $1.2M | $4.6M | 68.3% | 21 |
| 2023 | $2.1M | $966K | $4.2M | 69.8% | 23 |
| 2022 | $1.8M | $796K | N/A | — | 21 |
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