South Side Suzuki Cooperative

Analysis

South Side Suzuki Cooperative is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Side Suzuki Cooperative reported income of $270k and spending of $274k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $152k to $270k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Side Suzuki Cooperative sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Swan Scaling Walls a Note at a Time ($270k), Pennsylvania Heritage Foundation ($270k) and New Wave Artist Residency Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $68k (25% of expenses). Other salaries and wages came to $21k. At year end it held assets of $25k against liabilities of $1,721, net assets of $23k. It reported 3 employees.