Diaz Music Institute

Analysis

Diaz Music Institute is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in October 2019, 7 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 December 2023, Diaz Music Institute reported income of $317k and spending of $196k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $808k to $317k (-61%), an average of -61% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 35% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Diaz Music Institute sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Gold Coast Railroad Museum Inc ($317k), Back Bay Chorale Ltd ($317k) and Friends of Israel Story ($317k).

At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 5 employees.