HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC
Mission Statement
The mission of the Heifetz International Music Institute is to develop the expressive potential of every performer. Through the innovative and cross-disciplinary Heifetz Performance & Communication Training ©, the Institute teaches musicians to communicate the emotion of music, beyond mere technical agility and beautiful playing, to explore their creative potential, and to redefine the concert experience. Founded in 1996, The Heifetz International Music Institute is a 501(c)(3) non-profit organization dedicated to the artistic growth and career development of some of the most talented and promising young musicians in the world. As a six-week summer program, the Institute is founded upon the revolutionary educational concept that young musicians can be taught to communicate the emotion of music, beyond mere technical agility and beautiful playing. In addition to the intensity of two private lessons, chamber music coachings, and five hours per day of practice time, the students take a series of one hour classes each afternoon (one per day) in public speaking, voice, drama, movement, Health & Wellness, and freedom of expression. This innovative, comprehensive, and cross-disciplinary curriculum can enhance anyone’s ability to become a more expressive, effective communicator.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
92.0% | 77.7% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.4% | 14.2% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.6% | 5.9% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
0.1 mo | 15.8 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
95.3% | 11.4% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
51.7% | 70.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
8.8% | 7.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
1.0% | 5.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-7.9% | 0.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $1.8M | $1.9M | $14K | 92.0% | 42 |
| 2024 | $1.7M | $1.9M | $124K | 93.5% | 42 |
| 2023 | $2.0M | $2.0M | $419K | 93.3% | 7 |
| 2021 | $1.8M | $1.3M | N/A | — | 6 |
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