Patriarch Tikhon Russian American Music Institute

Analysis

Patriarch Tikhon Russian American Music Institute is a registered charity in United States, based in Deerfield BCH, FL. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Patriarch Tikhon Russian American Music Institute reported income of $164k and spending of $182k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $385k to $164k (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 140%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Patriarch Tikhon Russian American Music Institute sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Fondation Momprince Thomas Inc ($164k), Holy Smoke Inc ($164k) and Pearl Ministries Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $65k (36% of expenses). At year end it held assets of $3,285 against liabilities of $777, net assets of $2,508.