The Suzuki Music Asso of Calif

Analysis

The Suzuki Music Asso of Calif is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in January 1978, 48 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, The Suzuki Music Asso of Calif reported income of $306k and spending of $334k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $525k to $306k (-42%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 75%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Suzuki Music Asso of Calif sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Art Escape ($305k), Explorit Science Center ($306k) and American Society for Eighteenth Century Studies ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. At year end it held assets of $276k against liabilities of $18k, net assets of $258k.

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.