String Academy of Idaho Falls

Analysis

String Academy of Idaho Falls is a registered charity in United States, based in Idaho Falls, ID. It received its IRS tax-exemption ruling in October 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, String Academy of Idaho Falls reported income of $196k and spending of $137k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $196k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, String Academy of Idaho Falls sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within ID. Charities of a similar size with the same main cause include Washington Hall Qalicb ($196k), National Parks Arts Foundation ($196k) and Winston-Salem Delta Fine Arts Incorporated ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $126k against liabilities of -$1,676, net assets of $128k.