Synodal School of Liturgical Music Limited

Analysis

Synodal School of Liturgical Music Limited is a registered charity in United States, based in Takoma Park, MD. It received its IRS tax-exemption ruling in May 2020, 6 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Synodal School of Liturgical Music Limited reported income of $57k and spending of $84k, spending 148% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $57k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Synodal School of Liturgical Music Limited sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within MD. Charities of a similar size with the same main cause include Theatre Kapow ($57k), Ann Arbor Marathi Mandal - A2mm ($57k) and Bolivar Point Lighthouse Foundation Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 57% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.