Academy of Strings

Analysis

Academy of Strings is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in December 1998, 28 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 June 2024, Academy of Strings reported income of $178k and spending of $176k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $163k to $178k (+9.6%), an average of +9.6% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Academy of Strings sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within TN. Charities of a similar size with the same main cause include Paderewski Symphony Orchestra ($178k), Plastics Pioneers Association ($178k) and Little Theatre of Norfolk ($178k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 79% of the total. At year end it held assets of $43k against liabilities of $210, net assets of $43k.