The Intermountain Suzuki String Institute

Analysis

The Intermountain Suzuki String Institute is a registered charity in United States, based in Holladay, UT. It received its IRS tax-exemption ruling in May 2001, 25 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 August 2023, The Intermountain Suzuki String Institute reported income of $443k and spending of $460k, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $422k to $443k (+5.1%), an average of +1.2% a year. The sharpest change came in the year to August 2021, when income rose by 3583%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Intermountain Suzuki String Institute sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within UT. Charities of a similar size with the same main cause include Palestine Museum US Corporation ($443k), A Red Orchid Theatre ($443k) and Hancock County Auditorium Associates ($443k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $45k (9.9% of expenses). Other salaries and wages came to $1,250. At year end it held assets of $57k against liabilities of $184, net assets of $56k. It reported 5 employees.