Suzuki Academy of Columbia

Analysis

Suzuki Academy of Columbia is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Suzuki Academy of Columbia reported income of $225k and spending of $221k, spending 98% of its income. Across the 4 years on record, from May 2021 to May 2024, income grew from $213k to $225k (+5.5%), an average of +1.8% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Suzuki Academy of Columbia sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 61st percentile within SC. Charities of a similar size with the same main cause include New Jersey School of Dramatic Arts Inc ($225k), Century Association Archives Foundation ($225k) and Millennium Tiger Quarterback Club ($225k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 5.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $29k (13% of expenses). At year end it held assets of $96k against liabilities of $4,645, net assets of $91k. It reported 9 employees.