Suzuki Institute of Seattle

Analysis

Suzuki Institute of Seattle is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1972, 54 years ago. 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, Suzuki Institute of Seattle reported income of $360k and spending of $453k, spending 126% of what it took in. Across the 6 years on record, from August 2018 to August 2023, income fell from $415k to $360k (-13%), an average of -2.8% a year. The sharpest change came in the year to August 2023, when income rose by 23%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Suzuki Institute of Seattle sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Billings Aquatic Club Inc ($360k), Winged Freedom Raptor Hospital Inc ($360k) and Northwest Educational Foundation Inc ($360k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $146k (32% of expenses). Other salaries and wages came to $161k. At year end it held assets of $134k against liabilities of $4,196, net assets of $130k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.