Suzuki-Orff School for Young Musicians

Analysis

Suzuki-Orff School for Young Musicians is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1981, 45 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 2023, Suzuki-Orff School for Young Musicians reported income of $877k and spending of $953k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $981k to $877k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Suzuki-Orff School for Young Musicians sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include US Biennial Inc ($876k), Iowa State Daily Publication ($877k) and Viver Brasil Dance Company ($876k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $173k (18% of expenses). Other salaries and wages came to $536k. At year end it held assets of $471k against liabilities of $250k, net assets of $221k. It reported 29 employees.