Suzuki School of the Arts

Analysis

Suzuki School of the Arts is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in April 2018, 8 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 June 2024, Suzuki School of the Arts reported income of $110k and spending of $83k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2024, income fell from $175k to $110k (-37%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 33%. 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, Suzuki School of the Arts sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Apex Theatre Studio Inc ($110k), Dr Martin Luther King Jr Commemorative Commission Inc ($110k) and Chicora Voices ($110k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 81% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.