BERKLEE COLLEGE OF MUSIC INC
1140 BOYLSTON ST, BOSTON, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $460,330,866 | $464,670,221 | $591,903,561 |
| FY2024 | $441,448,497 | $448,558,717 | $538,266,905 |
| FY2023 | $422,055,763 | $406,064,459 | $492,249,231 |
| FY2022 | $384,612,408 | $379,163,719 | $468,036,700 |
| FY2021 | $313,496,483 | $321,040,250 | $482,621,774 |
| FY2020 | $368,578,114 | $341,497,647 | $348,174,326 |
| FY2019 | $351,171,568 | $327,811,972 | $402,264,237 |
| FY2018 | $328,082,314 | $322,443,335 | $396,717,547 |
| FY2017 | $389,732,730 | $306,314,468 | $363,021,205 |
| FY2016 | $276,118,541 | $255,926,122 | $255,212,554 |
| FY2015 | $259,550,477 | $246,924,942 | $264,074,683 |
| FY2014 | $252,941,216 | $225,636,801 | $247,415,513 |
| FY2013 | $225,957,446 | $214,079,368 | $200,844,361 |
| FY2012 | $227,187,699 | $207,604,880 | $147,669,723 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $16,015,313 | 4% |
| Program service revenue | $434,575,346 | 96% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $379,262,231 | 82% |
| Management & general | $83,233,382 | 18% |
| Fundraising | $2,174,608 | 0% |
What the numbers show
- Program service revenue made up 96% of total revenue in FY2025.
- Program services accounted for 82% of functional expenses, management & general 18%, and fundraising 0%.
- 82% of functional expenses went to program services in FY2025. That is higher than 50% of 182 Education organizations in MA.
- Net assets covered about 15.3 months of expenses at the end of the reporting year. That puts it in the 45th percentile among 2335 Education organizations in MA.
- Total revenue was higher than 99.7% of 2372 Education organizations in MA.
- Total revenue rose from $227,187,699 in FY2012 to $460,330,866 in FY2025, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2021, FY2024, FY2025).
- Net assets grew from $147,669,723 to $591,903,561 between FY2012 and FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE MISSION OF BERKLEE COLLEGE OF MUSIC IS TO EDUCATE, TRAIN, AND DEVELOP STUDENTS TO EXCEL IN THE PERFORMING ARTS.
IRS status
| Ruling year | 1967 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education (in MA) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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