47
Merit School Of Music
Arts & Culture · Chicago, Illinois
38 S Peoria St, Chicago, IL 60607-2628
EIN: 363028768· Founded: Sep 1979· 47 years active· Filing Year: 2023
Annual Revenue
$11.7M
Total Expenses
$8.4M
Total Assets
$36.0M
Program Spending
31%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
Not reported
All officers, directors, and key employees combined
Other Salaries & Wages
$4.8M
Total Payroll
$4.8M
57% of total expenses
Where the Money Goes
31%
Programs: 31%
Payroll: 57%
Other overhead: 70%
Program Revenue$2.6M (22%)
Total Expenses$8.4M (72%)
Payroll$4.8M (57%)
Overhead (non-program)70%
Trust Score Breakdown
Program Spending Ratio
31% of expenses go to programs
Revenue & Stability
$11.7M annual revenue
Executive Compensation
Not reported
Filing Recency
Most recent filing: 2023
Asset Strength
$36.0M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.