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Arts, Culture & Humanities · 2023 Form 990

Groton Hill Music Inc: $22.7M Revenue, $12.3M Expenses

Groton, Massachusetts · EIN 042867945 · Filing year 2023

Groton Hill Music Inc reported $22.7M in total revenue, $12.3M in total expenses, and $224.0M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $228K (1.00% of revenue). NonprofitTruth efficiency grade: C (52/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
52/100

Key Facts (2023 Form 990)

Total Revenue
$22.7M
Total Expenses
$12.3M
Total Assets
$224.0M
Reserve Months
219.3 months
Surplus / (Deficit)
$10.5M
EIN
042867945
Latest 990 Year
2023
Current-Officer Compensation
$228K
Officer Comp % of Revenue
1.00%

Groton Hill Music Inc earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 52/100.

Groton Hill Music Inc reported $22.7M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. Reserves are the limiting factor: Groton Hill Music Inc carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.

Revenue has declined meaningfully over the five-year filing window — a pattern that warrants attention to underlying funding sustainability. Groton Hill Music Inc's 2023 revenue is materially below its earlier filings. Officer compensation is modest relative to organizational size: Groton Hill Music Inc reports $227,592 in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $22.7M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Groton Hill Music Inc sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.


$22.7M
Revenue
$12.3M
Expenses
$224.0M
Total Assets
$228K
Officer Compensation

How Groton Hill Music Inc Compares

Groton Hill Music Inc earns a NonprofitTruth efficiency grade of C (52/100). That is 4 points below the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 1.00% of total revenue. The organization holds 219.3 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$12.3M
Total Expenses
Filing year 2023
$228K
Officer Compensation
1.00% of revenue
219.3 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Groton Hill Music Inc reported $22.7M in revenue against $12.3M in total functional expenses for filing year 2023, holding roughly 219.3 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $228K in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 1.00% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Groton Hill Music Inc has a NonprofitTruth Efficiency Score of C (52/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Groton Hill Music Inc, Donor FAQ

Groton Hill Music Inc has a NonprofitTruth Efficiency Score of C (52/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Groton Hill Music Inc reports $228K in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 1.00% of the organization's $22.7M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Groton Hill Music Inc reported $22.7M in annual revenue and $12.3M in total expenses for filing year 2023. The organization holds $224.0M in total assets.

Groton Hill Music Inc holds approximately 219.3 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

Groton Hill Music Inc is a registered 501(c) organization with EIN 042867945, based in Groton, Massachusetts. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.