Hausmann Quartet Foundation

Analysis

Hausmann Quartet Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 2017, 9 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, Hausmann Quartet Foundation reported income of $304k and spending of $235k, leaving 23% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $208k to $304k (+47%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 99%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hausmann Quartet Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include San Diego Scottish Highland Games Inc ($304k), Sacramento Hmong New Year Inc ($304k) and 40 West Arts Inc ($304k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $83k (35% of expenses). Other salaries and wages came to $65k. At year end it held assets of $149k against liabilities of $740, net assets of $148k. It reported 4 employees.