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

MUSIC ASSOCIATES OF ASPEN INC

EIN: 84-0445087 · ASPEN, CO 81611-8501 · United States · FY 2025 Data

3 out of 5 58 / 100 Based on 2+ years of filings

Financial strength (30%) 82/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

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

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Mission Statement

Aspen Music Festival and School Mission – as of March 2015 The Aspen Music Festival and School’s mission is to be the preeminent summer institution of classical music education, performances, and presentations; to be transformational and inspirational for all involved; to be innovative and a catalyst for change in the world of music, while drawing on and respecting its great traditions. • A school unique in its teaching practice and philosophy, inspiring every student through study and performance; • A magnet for the highest-quality students, artist-faculty, and guest artists; • A center for great musical performances, where listeners enrich their enjoyment of music; and • A force for positive change in the world of music. With a strong commitment to the Aspen Community, we respect and nurture the Aspen Idea, celebrating the union of mind, body, and spirit through the art of music.

Financial Overview — FY 2025

$43.3M

Total Revenue

$25.7M

Total Expenses

$147.3M

Net Assets

165

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 78.7%

Fundraising Efficiency 802.0%

Operating Reserve 68.68x

Liability-to-Asset 5.1%

Revenue Diversification 59.9%

Executive Compensation $3.1M

Compared with Peers

FY 2025

Compared with 273 similar organizations (United States, Arts, Culture & Humanities, $10M–$100M 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	78.7%	79.1%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	16.8%	13.3%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	4.5%	6.4%	P10P90	Above median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	802.0%	763.3%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	68.7 mo	30.8 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	5.1%	14.0%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	59.9%	65.5%	P10P90	Above median
Surplus margin Surplus as a share of revenue	40.5%	5.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2025	$43.3M	$25.7M	$147.3M	78.7%	165
2023	$27.3M	$21.7M	$107.5M	80.7%	158
2022	$16.0M	$20.6M	$98.0M	81.5%	124
2021	$34.1M	$17.3M	N/A	—	52

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Organization Details

EIN: 84-0445087
State: CO
City: ASPEN
ZIP: 81611-8501
Classification: A6E0
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year
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

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