Nonprofit screen
Screen a listVarna International Music Academy
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$1.1Mrevenue
FY2025 · −9% in 3 yrs6 of 6years filed
’20’21’22’23’24’25
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2025
Operating margin10.7%
Months of reserve0.9mo
Revenue growth (annualized)+19.6%
Middle half of peersMedianVarna International Music Academy
Where the money goes FY2025 · $994k spent
Programs$939k94%Management and general$52k5%Fundraising$3k0%990 FY2025 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$242k in FY2023 and −$205k in FY2024. Cash covers 0.9 months, under the peer median of 3.8.
990 Part I and balance sheetIn its favor2
Growing faster than peers
Revenue up 20% a year since FY2020, in the top quarter of similar nonprofits.
990 Part I · peer cohortA history of government grants
Government grants on 5 of its 5 returns, 30% of revenue in FY2025.
990 Part VIII6funders
$17ka year, last 2 years
29%from its largest funder
Funder’21’22South Carolina Humanities Council IncOn and off$9kLipscomb Family FoundationOn and off$8kThe Joanna FoundationOn and off$4kBaker and Baker Foundation IncNew in FY2022$3kThe Sunshine Foundation IncOn and off$1kDonor-advised giftsDonors not disclosed$10k
FundedThrough a donor-advised fund