Friends of the Record Company Inc. Logo

MIP Score

57

Arts & Culture
Arts Funding

Friends of the Record Company Inc.

Mission

The Record Co. is a 501c3 nonprofit dedicated to making space for Boston’s music makers. They aim to ensure that everyone can make and enjoy music, providing affordable studios for rehearsal and recording, and fostering an inclusive music community.

Basic Information

Tax-Exempt

Address

960 Massachusetts Avenue, Boston, Massachusetts, 02118

View all Boston charities

Founded in

2019

EIN

84-1799483

Total Assets

$4.715 million

UN Sustainable Development Goals Supported

This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.

At a Glance

Affordable Recording Studios

Affordable Recording Studios

The Record Co. offers recording studios that are affordable and equipped with professional gear for musicians of all backgrounds.

Community Engagement

Community Engagement

TRC engages with the local community to provide resources and opportunities for musicians throughout Boston.

Amplify Boston Campaign

Amplify Boston Campaign

A $1 million initiative to strengthen Boston's music scene and support local artists with enhanced operations.

Upcoming Events

Community Celebration

Community Celebration

2024-12-06

Join us for an evening celebrating Boston's creative community with performances by local artists.

Learn More

Our Programs

Rehearsal Studios

Fully-equipped rehearsal studios available for musicians to practice and create.

Learn More

Amplify Boston

A campaign to strengthen the support and operations of Boston's music community.

Learn More

Testimonials

"The Record Co. was a godsend for me. Their customer service and supportive environment made it my recording home."
Baby Boy Johnson

Baby Boy Johnson

"I love The Record Co!! I recorded podcasts and personal music there, and it was always full of good vibes."
Autumn Eliza Sheffy

Autumn Eliza Sheffy

Songwriter

MIP Score (Beta)

The MIP Score is in beta! We'd love any feedback you may have.

The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.

Overall Score

57

48

/100

Program Expense Ratio

81.53%

14

/20

Program Revenue Growth

106.41%

20

/20

Leverage Ratio

0.9465

4

/20

Working Capital Ratio

0.6561

8

/20

Fundraising Efficiency

0

2

/20

Latest Filing Data: Form 990

Fiscal Year:2022

Source:Source: Self-reported by organization

Financial Details

Revenue

CategoryAmountPercentage
Contributions, Gifts, and Grants00.00%
Program Services665K99.95%
Investment Income3090.05%
Sales of Non-Inventory Assets00.00%
Other Notable Sources00.00%
Total Revenue665.3K100.00%