Arts, Culture & Humanities
(A6E)
IRS Verified
DX Registered
990 on File
STATE STREET ACADEMY OF MUSIC AT ST LAWRENCE
Financial strength (30%)
95/100
Reliability (20%)
55/100
Effectiveness (25%)
90/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
The State Street Academy of Music (SSA) is Harrisburg’s first classical music academy for young people, offering instruction to students in grades K–12 as well as adults. Since opening in 2004 with just 17 students, SSA has grown to serve an average of 100 students each semester. These students represent 14 school districts and over 30 public, private, cyber, and home schools across the greater Harrisburg area. SSA’s mission is to provide high-quality music education and enrichment to the widest possible community—regardless of age, gender, race, color, creed, national origin, or ability to pay.
Financial Overview — FY 2025
$304K
Total Revenue
$297K
Total Expenses
$179K
Net Assets
2
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
81.8%
Fundraising Efficiency
N/A
Operating Reserve
7.24x
Liability-to-Asset
1.0%
Revenue Diversification
51.5%
Compared with Peers
FY 2025
Compared with 7,068 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M 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
|
81.8% | 81.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
18.1% | 13.7% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.1% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.2 mo | 9.4 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.0% | 1.5% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
51.5% | 77.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
31.4% | 6.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
8.5% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
2.3% | 2.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $304K | $297K | $179K | 81.8% | 2 |
| 2024 | $231K | $274K | $170K | 83.8% | 2 |
| 2023 | $252K | $307K | $211K | 83.8% | 2 |
| 2022 | $282K | $226K | N/A | — | 3 |
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