The Norwalk Youth Symphony Inc

Analysis

The Norwalk Youth Symphony Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in October 1958, 68 years ago. 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 2024, The Norwalk Youth Symphony Inc reported income of $328k and spending of $377k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $272k to $328k (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Norwalk Youth Symphony Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Nassans Place ($328k), Reijim Inc ($328k) and Atlantic Legal Foundation ($328k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 63% of the total. Other salaries and wages came to $86k. At year end it held assets of $332k against liabilities of $2,911, net assets of $330k. It reported 3 employees.