Canzion Institute of Music

Analysis

Canzion Institute of Music is a registered charity in United States, based in Baytown, TX. It received its IRS tax-exemption ruling in December 2002, 24 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Canzion Institute of Music reported income of $1.3m and spending of $1.1m, spending 82% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.6m to $1.3m (-15%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Canzion Institute of Music sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Wyoming PBS Foundation ($1.3m), Swedish American Museum Association of Chicago ($1.3m) and Ballet Arts Foundation ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.9% and program service revenue 96% of the total. At year end it held assets of $663k against liabilities of $3,797, net assets of $660k. It reported 24 employees.