Richards Institute of Education Through Music

Analysis

Richards Institute of Education Through Music is a registered charity in United States, based in Napa, CA. It received its IRS tax-exemption ruling in October 1971, 55 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 August 2023, Richards Institute of Education Through Music reported income of $236k and spending of $266k, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $265k to $236k (-11%), an average of -2.8% a year. The sharpest change came in the year to August 2022, when income rose by 124%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Richards Institute of Education Through Music 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 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Destin Fishing Museum Foundation Inc ($236k), Marblehead Arts Association ($236k) and Ariel Rivka Dance Inc ($236k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $44k (17% of expenses). Other salaries and wages came to $49k. At year end it held assets of $246k against liabilities of $201k, net assets of $45k. It reported 10 employees.