Mountain West String Academy

Analysis

Mountain West String Academy is a registered charity in United States, based in Mendon, UT. It received its IRS tax-exemption ruling in November 2006, 20 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 June 2024, Mountain West String Academy reported income of $327k and spending of $301k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $282k to $327k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2024, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mountain West String Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within UT. Charities of a similar size with the same main cause include Spokane Pride ($326k), New Castle Senior Center Inc ($327k) and Keeping the Blues Alive Foundation Inc ($326k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $123k (41% of expenses). Other salaries and wages came to $146k. At year end it held assets of $414k against liabilities of $8,342, net assets of $405k. It reported 5 employees.