Koistinen Music & Arts Studio

Analysis

Koistinen Music & Arts Studio is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in July 2019, 7 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, Koistinen Music & Arts Studio reported income of $73k and spending of $55k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $73k (+2.8%), an average of +2.8% a year. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Koistinen Music & Arts Studio sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Terralingua ($73k), Laura Ingalls Wilder Memorial Socie Ty Inc ($73k) and Hudson Valley Irish Fest Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.