Axiom Quartet Inc

Analysis

Axiom Quartet Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Axiom Quartet Inc reported income of $98k and spending of $97k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $76k to $98k (+29%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Axiom Quartet Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Brenham Maifest Association ($98k), The Lubbock Chorale ($98k) and Pawling Concert Series Inc ($98k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $7,556 against liabilities of $0, net assets of $7,556.