AArts, Culture & HumanitiesEIN: 020687805· Ruling Year: 2004

Institute Of Music For Children Inc

Elizabeth, New Jersey

B+Health Score
69B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 2 peers in Arts, Culture & Humanities with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org3.82×
Peer Median210.95×
💰
$1.4M
Total Revenue
📊
$1.5M
Total Expenses
🏦
$5.7M
Net Assets
📋
$185K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+7.3%
Year-over-year change (2022 → 2023)
Net Margin
-4.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
3.82
Net assets divided by total expenses
Liabilities-to-Assets
3.1%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$1,424,5857%$1,494,26735%$5,889,225
2022$1,328,23278%$1,104,7052%$5,863,0431%
2021$6,114,164596%$1,131,60352%$5,939,318535%
2020$878,8944%$746,44117%$935,95052%
2019$842,6201%$904,36319%$614,2925%
2018$833,83417%$762,0039%$585,0437%
2017$1,000,01034%$833,90212%$544,60548%
2016$745,9069%$742,64617%$367,6785%
2015$685,3529%$636,8607%$350,7616%
2014$627,92518%$593,20112%$329,80222%
2013$770,14974%$531,98017%$270,862489%
2012$442,54144%$453,8599%$46,01222%
2011$307,127$416,041$58,785

Frequently Asked Questions

What does Institute Of Music For Children Inc do?

Institute Of Music For Children Inc is a arts, culture & humanities nonprofit organization based in New Jersey. It is classified under NTEE code A68 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Institute Of Music For Children Inc financially healthy?

Based on our 9-metric Financial Health Score model, Institute Of Music For Children Inc has a score of 69/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Institute Of Music For Children Inc generate?

Institute Of Music For Children Inc reports $2.4M in annual revenue and holds $9.0M in total assets, based on IRS filings.

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