Slowik Music Institute

Analysis

Slowik Music Institute is a registered charity in United States, based in Oberlin, OH. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Slowik Music Institute reported income of $375k and spending of $295k, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $422k to $375k (-11%), an average of -3.0% a year. The sharpest change came in the year to September 2022, when income rose by 42%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Slowik Music Institute sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Ashland Community Enterprises Pioneer Tunnel ($374k), American Friends of Chicken Shed Inc ($375k) and Arts for All Nevada ($374k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $90k (30% of expenses). Other salaries and wages came to $27k. At year end it held assets of $512k against liabilities of $5,453, net assets of $507k.