Arts, Culture & Humanities
(A6E0)
IRS Verified
DX Registered
990 on File
PEOPLES MUSIC SCHOOL INC
Financial strength (30%)
79/100
Reliability (20%)
55/100
Effectiveness (25%)
90/100
Impact (25%)
No data yet
30
CharityAI™ Score
out of 100
Mission Statement
The People's Music School delivers access to the benefits of high-quality, tuition-free music education. Through intensive instruction and performance, our students achieve excellence in music that transfers to other areas in life. They grow musically, socially, emotionally and intellectually, and develop a foundation of responsibility, self-esteem, resilience and purpose.
Financial Overview — FY 2025
$4.2M
Total Revenue
$3.2M
Total Expenses
$4.2M
Net Assets
106
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
74.9%
Fundraising Efficiency
161.1%
Operating Reserve
15.57x
Liability-to-Asset
18.6%
Revenue Diversification
95.0%
Executive Compensation
$302K
Compared with Peers
FY 2025
Compared with 1,930 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2025.
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
|
74.9% | 77.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.2% | 14.2% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
16.9% | 5.9% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
161.1% | 302.5% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
15.6 mo | 15.8 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
18.6% | 11.4% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
95.0% | 70.6% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
44.7% | 7.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-3.6% | 5.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
23.1% | 0.9% |
P10P90
|
CharityAI™ Evaluation — 2025
30 / 1000
Financial
84
Reliability
45
Effectiveness
10
Impact
Financial Strength (30%)
0
Reliability & Transparency (20%)
84
Program Effectiveness (25%)
45
Impact & Outcomes (25%)
10
0 programs
IRS Verified Form 990 on File 95% Data Complete
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| We provide accessible 100% tuition free, high quality, music education to students in Chicagoland | 800 | $4,500.00 | — | Per Week |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $4.2M | $3.2M | $4.2M | 74.9% | 106 |
| 2024 | $2.9M | $3.3M | $3.2M | 74.3% | 96 |
| 2023 | $2.8M | $3.2M | $3.6M | 73.3% | 111 |
| 2022 | $2.5M | $3.7M | $4.1M | 70.4% | 117 |
| 2021 | $3.2M | $2.9M | N/A | — | 133 |
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