Metropolitan Youth Orchestra Society of New York Inc

Analysis

Metropolitan Youth Orchestra Society of New York Inc is a registered charity in United States, based in Manhasset, NY. It received its IRS tax-exemption ruling in June 1999, 27 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, Metropolitan Youth Orchestra Society of New York Inc reported income of $964k and spending of $892k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $869k to $964k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 90%. 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, Metropolitan Youth Orchestra Society of New York Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Western Alliance of Arts Adminstrators Foundations ($964k), Susquehanna County Historical Society and Free Library Assn ($964k) and Outagamie County Historical Society Inc ($963k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $99k (11% of expenses). Other salaries and wages came to $57k. At year end it held assets of $72k against liabilities of $0, net assets of $72k. It reported 6 employees.