Young Peoples Chorus of New York City Inc

Analysis

Young Peoples Chorus of New York City Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1997, 29 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, Young Peoples Chorus of New York City Inc reported income of $5.3m and spending of $5.6m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.4m to $5.3m (+20%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Young Peoples Chorus of New York City Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Music Showcase Festivals Inc ($5.3m), STEM From Dance ($5.3m) and The Lynnwood Foundation ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $865k (15% of expenses). At year end it held assets of $7.7m against liabilities of $4.0m, net assets of $3.7m. It reported 83 employees.