Nad Music Institute

Analysis

Nad Music Institute is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in April 2018, 8 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 December 2023, Nad Music Institute reported income of $64k and spending of $26k, leaving 59% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $59k to $64k (+7.2%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nad Music Institute sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 19th percentile within WA. Charities of a similar size with the same main cause include North End Makerspace ($63k), Ashtabula County Antique Engine Club Inc ($64k) and Chicago Chamber Choir ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $163k against liabilities of $711, net assets of $162k.