Cavani String Quartet

Analysis

Cavani String Quartet is a registered charity in United States, based in Shaker HTS, OH. It received its IRS tax-exemption ruling in April 2021, 5 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 2024, Cavani String Quartet reported income of $177k and spending of $150k, spending 85% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $203k to $177k (-13%), an average of -12% a year. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cavani String Quartet sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Friends of the Cable Car Museum Inc ($177k), Green Level High School Fine Arts Boosters ($178k) and Iron County Historical and Museum Society ($177k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $180k against liabilities of $832, net assets of $179k.