Musical & Entertainment Society
501(c)(7)
Only null% goes to programs Strong reserves Growing revenue
Musical & Entertainment Society is a 501(c)(7) organization based in Altoona, Pennsylvania, registered in 1944, with $228,975 in FY2024 revenue. CharityIndex grades it C+.
1401 Van Buren Ave, Altoona, PA, 16602 EIN 23-0901642 Since 1944
Revenue (FY2024)
$229K
▲ 8.4% vs prior year
Expenses (FY2024)
$208K
Net assets
$676K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Musical & Entertainment Society— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating39 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Musical & Entertainment Society: 39 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Musical & Entertainment Society— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Musical & Entertainment Society: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1401 Van Buren Ave, Altoona, PA, 16602
- City
- Altoona
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $111K (FY2020) to $229K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $670Net assets $676K
Operating margin
9.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$677K
Total liabilities
$670
Net assets
$676K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $228,975▲8.4% | $207,923▲0.1% | $676,380▲3.2% | $677,050▲3.2% | 990 |
| 2023 | $211,148▼17.7% | $207,626▼1.2% | $655,328▲0.5% | $655,862▲0.3% | 990 |
| 2022 | $256,509▲29.2% | $210,227▲35.3% | $651,806▲7.6% | $653,847▲7.6% | 990 |
| 2021 | $198,497▲79.4% | $155,340▲17.0% | $605,524▲7.7% | $607,872▲6.9% | 990 |
| 2020 | $110,646 | $132,743 | $562,368 | $568,882 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Musical & Entertainment Society a legitimate nonprofit?
- Yes. Musical & Entertainment Society is a 501(c)(7) organization registered with the U.S. Internal Revenue Service under EIN 23-0901642, based in Altoona, Pennsylvania.
- What is Musical & Entertainment Society's EIN?
- Musical & Entertainment Society's Employer Identification Number (EIN) is 23-0901642.
- How much revenue does Musical & Entertainment Society report?
- Musical & Entertainment Society reported $228,975 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Musical & Entertainment Society have?
- CharityIndex grades Musical & Entertainment Society C+, based on financial health (reserves and operating margin).
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Data for Musical & Entertainment Society (EIN 23-0901642) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.