Chicago School of Violin Making Inc

Analysis

Chicago School of Violin Making Inc is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Chicago School of Violin Making Inc reported income of $514k and spending of $416k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $514k (+94%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago School of Violin Making Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include STEM Kids NYC ($514k), Entrusted Legacy ($514k) and Austin Elementary Eagle Foundation Inc ($514k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $93k (22% of expenses). Other salaries and wages came to $171k. At year end it held assets of $1.3m against liabilities of $46k, net assets of $1.3m. It reported 6 employees.