Arts, Culture & Humanities (A6E0) IRS Verified DX Registered 990 on File

PEOPLES MUSIC SCHOOL INC

EIN: 51-0192597 · CHICAGO, IL 60640-5107 · United States · FY 2025 Data

3 out of 5 57 / 100 Based on 2+ years of filings

Financial strength (30%) 79/100

Reliability (20%) 55/100

Effectiveness (25%) 90/100

Impact (25%) No data yet

Financial data: FY 2025 · Scored 9/13/2026

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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 / 100

Financial

Reliability

Effectiveness

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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Organization Details

EIN: 51-0192597
State: IL
City: CHICAGO
ZIP: 60640-5107
Classification: A6E0
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1976
Foundation Code: 11
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
An organization that is not in good standing with its registry (for example a revoked tax exemption) is shown as Not rated.
"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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