American String Teachers Association Incorporated

Analysis

American String Teachers Association Incorporated is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in January 1987, 39 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 June 2023, American String Teachers Association Incorporated reported income of $1.6m and spending of $1.9m, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.0m to $1.6m (-18%), an average of -6.6% a year. The sharpest change came in the year to June 2021, when income dropped by 37%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American String Teachers Association Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Arts Club of Washington ($1.6m), Fuller Craft Museum Inc ($1.6m) and Cafe Lena Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.8% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $216k (11% of expenses). Other salaries and wages came to $308k. At year end it held assets of $1.8m against liabilities of $1.1m, net assets of $620k. It reported 9 employees.