Youth Orchestra Chinese Youth Corps of New York Inc

Analysis

Youth Orchestra Chinese Youth Corps of New York Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2001, 25 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, Youth Orchestra Chinese Youth Corps of New York Inc reported income of $178k and spending of $187k, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $188k to $178k (-5.5%), an average of -1.1% a year. The sharpest change came in the year to June 2022, when income rose by 183%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Youth Orchestra Chinese Youth Corps of New York Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Sunsets at Pier 60 Society Inc ($178k), Grove City High School Choir Boosters ($178k) and Fundacion Jalisco USA Inc ($178k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $14k (7.6% of expenses). At year end it held assets of $84k against liabilities of $0, net assets of $84k.