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Passes our checks

Reeves Downtown School of Music Inc

EIN 84-4093595 · Elkin, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak43 out of 100GovernanceNot ratedThe short tax form does not cover thisImpact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

TO PROVIDE EXCEPTIONAL YEAR-ROUND MUSICAL EDUCATION AND PERFORMANCE OPPORTUNITIES TO STUDENTS FROM OUR COMMUNITY AND BEYOND. TO PROMTE AND ENCOURAGE MUSICIANS OF ALL GENRES THROUGH PERFORMANCES, WORKSHOPS, AND MASTER CLASSES: AND TO EXPOSE STUDENTS AND AUDIENCES TO A DIVERSE WORLD OF MUSCIAL EXPRESSION. TO ENHANCE THE ARTISTIC IMPRINT OF THE YADKINVALLEY REGION, AND TO ENCOURAGE ARTS TOURISM. TO INSPIRE FUTURE GENERATIONS OF MUSICIANS AND MUSIC ENTHUSIASTS TO KEEP MUSICAL TRADITIONS ALIVE AND TO EXPLORE NEW FORMS OF SELF-EXPRESSION THROUGH INSTRUMENTATION, SOUND AND RHYTHM.

Income
$71,021
Spending
$102,899
Reserves
7.1 months of spending
Largest source of income
donations and private grants, 62%
Highest pay
$3,535, jam director

Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 43 out of 100. Higher than 14% of charities in its peer group (arts and culture, under $250k).

  • Reserves

    28 of 35

    Spendable reserves would cover 7.1 months of spending.

  • Debt

    2 of 20

    It owes 77% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 45% of income.

Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.

Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $93,278 spent. REEVES DOWNTOWN SCHOOL OF MUSIC ADVANCED ITS MISSIONTO PROVIDE HIGH QUAILITY, ACCESSIBLE MUSIC EDUCATION AND CULTURAL ENRICHMENT TO THE ELKIN COMMUNITY AND SURROUNDING REGION. THE SCHOOL OFFERED PRIVATE LESSONS, GROUP CLASSES, AND ENSEMBLE EXPERIENCES FOR STUDENTS ALL AGES AND SKILL LEVELS, FOSTERING A LIFELONG APPRECIATION OF MUSIC AND THE ARTS. PROGRAMS SUCH AS ELKIN JAM (JUNIOR APPALACHIAN MUSICIANS) EXEMPLIFY THE SCHOOLS COMMITMENT TO PRESERVING CULTURAL HERITAGE WHILE MAKING MUSIC EDUCATION ACCESSIBLE TO YOUTH. THE SCHOOL ALSO HOSTED RECITALS, CONCERTS, AND COLLABORATIVE EVENTS WITH LOCAL PARTNERS, EXPANDING PUBLIC ACCESS TO THE PERFORMING ARTS AND STRENGTHENING COMMUNITY ENAGEMENT. THROUGH INCLUSIVE PROGRAMMING, SCHOLARSHIPS,AND OUTREACH, THE REEVES DOWNTOWN SCHOOL OF MUSIC CONTINUES TO SERVE AS A VITAL CULTURAL RESOURCE IN THE REGION.

Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2021.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.