Greater Connecticut Youth Orchestras Inc

Analysis

Greater Connecticut Youth Orchestras Inc is a registered charity in United States, based in Fairfield, CT. It received its IRS tax-exemption ruling in March 1992, 34 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 2024, Greater Connecticut Youth Orchestras Inc reported income of $656k and spending of $639k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $447k to $656k (+47%), an average of +8.0% a year. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Connecticut Youth Orchestras Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Holocaust and Human Rights Education Center ($656k), St Petersburg Arts Alliance Inc ($656k) and Landmark Events Inc ($656k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $116k (18% of expenses). Other salaries and wages came to $153k. At year end it held assets of $887k against liabilities of $44k, net assets of $843k. It reported 20 employees.