Carpe Diem String Quartet

Analysis

Carpe Diem String Quartet is a registered charity in United States, based in Powell, OH. It received its IRS tax-exemption ruling in June 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Carpe Diem String Quartet reported income of $162k and spending of $117k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $203k to $162k (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carpe Diem String Quartet sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Sauers Cares ($162k), Chestnut Fine Arts Center Inc ($162k) and Fort Bridger Rendezvous Association Inc ($162k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $60k (52% of expenses). At year end it held assets of $183k against liabilities of $1,236, net assets of $182k.