Worcester Youth Orchestras Inc

Analysis

Worcester Youth Orchestras Inc is a registered charity in United States, based in Worcester, MA. 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Worcester Youth Orchestras Inc reported income of $311k and spending of $356k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $258k to $311k (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Worcester Youth Orchestras Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Belrose Performing Arts Center ($311k), Mahaska Futureview Inc ($311k) and Literary Society of the Desert ($311k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $72k (20% of expenses). Other salaries and wages came to $77k. At year end it held assets of $305k against liabilities of $34k, net assets of $271k. It reported 5 employees.