New Ulm Suzuki School of Music

Analysis

New Ulm Suzuki School of Music is a registered charity in United States, based in New Ulm, MN. It received its IRS tax-exemption ruling in August 1997, 29 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 August 2024, New Ulm Suzuki School of Music reported income of $104k and spending of $78k, leaving 25% of income unspent that year. Across the 3 years on record, from August 2022 to August 2024, income grew from $71k to $104k (+46%), an average of +21% a year. The sharpest change came in the year to August 2024, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Ulm Suzuki School of Music sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Red Rose Childrens Choir of Lake County ($104k), NRHS Fund Inc ($104k) and Beardance Inc ($104k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 43% and program service revenue 53% of the total. At year end it held assets of $57k against liabilities of $997, net assets of $56k.