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Education : Youth Education Programs and Services

Third Street Music School Settlement

Providing quality education in music and the arts

four stars

93.55

235 East Eleventh Street New York, NY 10003
tel: (212) 777-3240   Web Site
EIN: 13-5596825

Board Leadership
Peter Flint, Jr.
Chairman

CEO
Valerie Lewis
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 93.55 four stars
  Financial 91.81 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 01/07/2021 and includes data from FY2019, the most recent 990 received at that time.

Third Street Music School Settlement provides high-quality music and dance education through on-site, public school and community programs, as well as an arts-infused preschool, to New Yorkers of all ages, regardless of background, artistic ability or economic circumstance. Third Street's programs are taught by exceptional faculty in an environment that nurtures individual achievement and creativity, affording students the opportunity to reach their full artistic potential while developing a life-long love of the arts.

Third Street Music School Settlement provides high-quality music and dance education through on-site, public school and community programs, as well as an arts-infused preschool, to New Yorkers of all ages, regardless of background, artistic ability or economic circumstance. Third Street's programs are taught by exceptional faculty in an environment that nurtures individual achievement and creativity, affording students the opportunity to reach their full artistic potential while developing a life-long love of the arts.

Financial

four stars

91.81

Accountability & Transparency

four stars

96.00

This rating was published 01/07/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
82.6%
  Administrative Expenses 9.7%
  Fundraising Expenses 7.6%
  Fundraising Efficiency $0.22
  Working Capital Ratio (years) 1.54
  Program Expenses Growth 9.2%
  Liabilities to Assets 17.5%
All data for Financial Performance Metrics calculations was provided by Third Street Music School Settlement on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Third Street Music School Settlement on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Third Street Music School Settlement (NY) 93.55 four stars
Joy of Music Program (MA) 88.09 three stars
Exploring the Arts (NY) 88.16 three stars
NDI New Mexico (NM) 85.62 three stars
Arts for Learning (FL) 88.61 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,788,800
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $621,007
   Related Organizations $0
   Government Grants $316,395
Total Contributions $2,726,202
   Program Service Revenue $5,560,237
Total Primary Revenue $8,286,439
   Other Revenue $1,031,775
TOTAL REVENUE $9,318,214
   
EXPENSES  
   Program Expenses $7,539,844
   Administrative Expenses $981,465
   Fundraising Expenses $665,405
TOTAL FUNCTIONAL EXPENSES $9,186,714
   
Payments to Affiliates $0
Excess (or Deficit) for the year $131,500
   
Net Assets $17,738,853

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Music & Dance Instruction $6,179,959 82.0%
School Partnerships $905,052 12.0%
Performances $454,833 6.0%

Ratings History
Third Street Music School Settlement has received 4 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 01/07/2021 93.55 four stars
2018-06 08/01/2019 93.48 four stars
2017-06 09/01/2018 92.27 four stars
2016-06 12/01/2017 90.97 four stars
2015-06 10/01/2016 89.73 three stars
2014-06 06/01/2016 87.81 three stars
 
CN 2.0
2014-06 11/01/2015 87.00 three stars
2013-06 09/01/2014 84.82 three stars
2012-06 08/01/2013 91.23 four stars
2011-06 06/01/2012 91.71 four stars
2010-06 09/20/2011 89.78 three stars
 
CN 1.0
2009-06 07/01/2010 84.62 three stars
2008-06 10/01/2009 89.52 three stars
2007-06 10/01/2008 90.74 four stars
2006-06 07/01/2007 82.43 three stars
2005-06 09/01/2006 84.53 three stars
2004-06 11/01/2005 83.09 three stars
2003-06 10/01/2004 87.40 three stars
2002-06 03/01/2004 83.79 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-5596825
Name in IRS Master File SOCIETY OF THE THIRD STREET MUSIC SCHOOL SETTLEMENT INC
NTEE Code A6E
NTEE Classification Performing Arts Schools
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
Foundation Status School 170(b)(1)(A)(ii)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1942
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$229,853 2.50% Valerie Lewis Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Third Street Music School Settlement (NY) 93.55 four stars
Interlochen Center for the Arts (MI) 85.90 three stars
Inner-City Arts (CA) 92.21 four stars
The Mr. Holland's Opus Foundation (CA) 93.91 four stars
Baltimore Clayworks (MD) 85.27 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Third Street Music School Settlement
235 East Eleventh Street
New York, NY 10003
tel: (212) 777-3240
fax: (212) 477-1808
EIN: 13-5596825

Visit Web Site

Board Leadership

Peter Flint, Jr.
Chairman

CEO

Valerie Lewis
Executive Director

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