Suzuki Academy of Waco

Analysis

Suzuki Academy of Waco is a registered charity in United States, based in Woodway, TX. It received its IRS tax-exemption ruling in July 2022, 4 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, Suzuki Academy of Waco reported income of $114k and spending of $119k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $114k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. 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, Suzuki Academy of Waco sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include South Fork Performing Arts Inc ($114k), North American Folk Music and Dance Alliance Inc ($114k) and Theodicy Jazz Collective ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2,439 against liabilities of $308, net assets of $2,131.