Suzuki Music Academy of Kalamazoo

Analysis

Suzuki Music Academy of Kalamazoo is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in February 2014, 12 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 July 2024, Suzuki Music Academy of Kalamazoo reported income of $170k and spending of $178k, spending 105% of its income. Across the 4 years on record, from July 2021 to July 2024, income grew from $142k to $170k (+20%), an average of +6.4% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Suzuki Music Academy of Kalamazoo 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 50th percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Wisconsin Veterans Museum Foundation Inc ($170k), Melody of Dragon Inc ($170k) and St Charles History Museum ($170k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $48k (27% of expenses). Other salaries and wages came to $23k. At year end it held assets of $13k against liabilities of $264, net assets of $13k. It reported 3 employees.