Overview
What is Music Worcester Inc?
Music Worcester Inc, situated at 319 Main Street, Worcester, MA 01608, is a nonprofit organization dedicated to enriching cultural life. Their primary mission is to make high-quality music accessible and appreciated by the community through affordable concerts, recitals, performances, music festivals, and collaborations with educational and non-profit business organizations. By doing so, Music Worcester brings inspiring and diverse musical experiences to expanding audiences, offering educational programs as well. The organization, with a workforce of 8 individuals, is committed to enhancing its community's cultural landscape.
Official website here: www.musicworcester.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Music Worcester Inc has achieved a commendable Four-Star rating from Charity Navigator, which indicates a strong commitment to accountability and finance. With a remarkable score of 90% in this area, the organization demonstrates solid fiscal health and transparency. The high score reflects well on its governance structure, including a fully independent board and thorough oversight mechanisms.
The nonprofit excels in several key financial metrics, such as a program expense ratio of 76.95%, ensuring that the majority of its funds are directed towards its mission. Additionally, its fundraising efficiency is impressive, with a cost of only $0.05 to raise a dollar, highlighting effective resource management. The organization also showcases robust liquidity, with a working capital ratio of nearly 10 years, indicating it can meet its obligations comfortably.
While Music Worcester Inc showcases significant strengths in financial management and governance, the data does not highlight any specific limitations or areas for improvement. The positive evaluation across all indicators suggests a well-managed organization that prioritizes its accountability to donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Music Worcester Inc legitimate?
Music Worcester Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Music Worcester 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.musicworcester.org
What is the mission statement of Music Worcester Inc?
Music Worcester Inc's mission is centered around enriching cultural life. They achieve this by providing inspiring and diverse musical experiences to a growing audience. This is accomplished through a variety of means, including concerts, performances, and educational programs. The organization aims to enhance the access and appreciation of high-quality music by offering affordable concerts, recitals, and performances, music festivals, and collaborations with educational and non-profit business organizations.
Official website here: www.musicworcester.org
Who is the CEO of Music Worcester Inc?
David J Mayotte is the Executive Director of Music Worcester Inc.
Official website here: www.musicworcester.org
What is the revenue of Music Worcester Inc?
Music Worcester Inc's revenue in 2022 was $5,579,210.
Official website here: www.musicworcester.org
Who are the executives of Music Worcester Inc and what are their salaries?
There are 8 employees and 25 volunteers at Music Worcester Inc.
Here are 23 key members and their salaries:
- Compensation: $110,890
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.musicworcester.org
Where can I find the form 990 for Music Worcester Inc?
Music Worcester Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.musicworcester.org
Learn more at the official website: www.musicworcester.org
Mission Statement of Music Worcester Inc
Music Worcester Inc, a nonprofit organization, is committed to enriching cultural life by bringing inspiring and varied musical experiences to expanding audiences. They achieve this mission through a combination of concerts, performances, and educational programs. By presenting affordable concerts, recitals, and performances, music festivals, and collaborations with educational and non-profit business organizations, Music Worcester Inc expands the access and appreciation of high-quality music. This approach allows a wide range of people to engage with music, fostering a vibrant and diverse cultural scene.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Music Worcester Inc enriches the cultural life of Worcester, Massachusetts by enhancing access to and fostering appreciation for the highest quality music through affordable concerts, recitals, performances, music festivals, and collaborations with educational and nonprofit organizations. The organization's mission is to bring inspiring and varied musical experiences to expanding audiences through concerts, performances, and educational programs. Through these efforts, Music Worcester Inc significantly contributes to the cultural vibrancy and artistic richness of the community in Worcester and beyond.
This information is meant to be a general summary of Music Worcester Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $160,742
- Program Service Revenue: $332,403
- Gross Receipts: $5,829,617
Assets and Liabilities:
- Total Assets: $11,019,858
- Total Liabilities: $142,750
- Net Assets: $10,877,108
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$332,403
Organization Details
Founding Year
1879
Phone
(508) 754-3231Principal Officer
David J Mayotte
Main Address
319 MAIN STREET, WORCESTER, MA, 01608
Website
www.musicworcester.orgNTEE Category
Code: A610 - Arts
If you are a representative of Music Worcester Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.