Boston Youth Symphony Orchestra Inc

Analysis

Boston Youth Symphony Orchestra Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1983, 43 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 June 2023, Boston Youth Symphony Orchestra Inc reported income of $18.9m and spending of $4.4m, leaving 76% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $18.9m (+457%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 159%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boston Youth Symphony Orchestra Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Wisconsin Youth Symphony Orchestra Inc ($18.9m), CPWR the Center for Construction Research and Training ($18.9m) and North Carolina Museum of Art Foundation Inc ($18.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $262k (5.9% of expenses). Other salaries and wages came to $1.4m. It paid $36k in professional fundraising fees. At year end it held assets of $27.7m against liabilities of $1.6m, net assets of $26.0m. It reported 55 employees.