Charity Search / REEVES DOWNTOWN SCHOOL OF MUSIC INC
Arts, Culture & Humanities (A60) 990 on File

REEVES DOWNTOWN SCHOOL OF MUSIC INC

EIN: 84-4093595 · ELKIN, NC 28621-0977 · United States · FY 2025 Data
3 out of 5 44 / 100 Based on 2+ years of filings
Financial strength (30%) 65/100
Reliability (20%) 45/100
Effectiveness (25%) 61/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2025
$71K
Total Revenue
$103K
Total Expenses
$61K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 90.7%
Fundraising Efficiency N/A
Operating Reserve 7.10x
Liability-to-Asset 77.4%
Revenue Diversification 62.2%
Compared with Peers
FY 2025
Compared with 8,038 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
90.7% 81.9%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
7.1 mo 9.5 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
77.4% 1.5%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
62.2% 77.8%
P10P90
Above median
Revenue growth
Year over year revenue growth
-40.3% 6.6%
P10P90
Expense growth
Year over year expense growth
25.6% 5.9%
P10P90
Surplus margin
Surplus as a share of revenue
-44.9% 2.4%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $71K $103K $61K 90.7% —
2024 $119K $82K $83K — —
2023 $80K $74K $46K 87.9% —
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Organization Details
EIN
84-4093595
State
NC
City
ELKIN
ZIP
28621-0977
Classification
A60
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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