Eliot Fisk Guitar Academy Inc

Analysis

Eliot Fisk Guitar Academy Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in April 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eliot Fisk Guitar Academy Inc reported income of $150k and spending of $114k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $150k (+169%), an average of +169% a year. The sharpest change came in the year to December 2023, when income rose by 169%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eliot Fisk Guitar Academy Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Somerset Valley Players ($150k), Solomon Valley Cinema Inc ($150k) and Friends of Howell Living Historical ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $112k against liabilities of $4,880, net assets of $107k.