Building Bridges Jeff Haas Method for Promoting Peace Through Music

Analysis

Building Bridges Jeff Haas Method for Promoting Peace Through Music is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in July 2022, 4 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, Building Bridges Jeff Haas Method for Promoting Peace Through Music reported income of $231k and spending of $137k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2018 to June 2023, income fell from $1.1m to $231k (-79%), an average of -33% a year. The sharpest change came in the year to June 2023, when income rose by 166%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Building Bridges Jeff Haas Method for Promoting Peace Through Music sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include State Street Academy of Music at St Lawrence ($231k), Threshold Choir ($231k) and Eugene Symphony Foundation ($231k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $70k. At year end it held assets of $1.3m against liabilities of $2,921, net assets of $1.3m. It reported 2 employees.