Berkshire Music School Inc

Rating from Charity Navigator: 46%, Zero-Star out of Four Star rating.

Berkshire Music School Inc has received a low rating from Charity Navigator, indicating significant concerns regarding its financial management and accountability. While the organization demonstrates strong governance features, such as having a fully independent board and effective oversight committees, it struggles in key financial performance areas. The program expense ratio is notably low at 38.10%, suggesting that a smaller proportion of its budget is being directed towards its mission-related activities.

The nonprofit's financial health is further called into question by a high ratio of liabilities to assets, recorded at 6.81%, which may indicate potential sustainability issues. Additionally, the absence of critical policies, such as a whistleblower and document retention policy, raises alarms regarding the organization’s transparency and operational integrity.

Despite these limitations, Berkshire Music School Inc maintains essential governance structures, which is a positive aspect. However, the overall evaluation reflects considerable room for improvement, particularly in financial management and adherence to best practices that build trust with stakeholders and beneficiaries.

This AI summary has been generated from information found on Charity Navigator.

Berkshire Music School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berkshire Music School Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $71,170
Professional Fundraising Fees: $0
Other Salaries and Wages: $305,387

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