Suzuki School of Newton Inc

Analysis

Suzuki School of Newton Inc is a registered charity in United States, based in Waban, MA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Suzuki School of Newton Inc reported income of $2.1m and spending of $1.7m, spending 83% of its income. Across the 4 years on record, from August 2014 to August 2022, income grew from $1.1m to $2.1m (+97%), an average of +26% a year. The sharpest change came in the year to August 2019, when income rose by 164%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Suzuki School of Newton Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Dade Amateur Golf Association Inc ($2.1m), Brandywine Valley Active Aging ($2.1m) and North Carolina Arts Foundation ($2.1m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $121k (7.0% of expenses). Other salaries and wages came to $912k. At year end it held assets of $7.0m against liabilities of $3.0m, net assets of $4.0m. It reported 46 employees.