Young Audiences Inc

Analysis

Young Audiences Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1953, 73 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 Audiences Inc reported income of $2.6m and spending of $2.7m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.6m (-12%), an average of -3.0% a year. The sharpest change came in the year to June 2021, when income rose by 89%. Over the whole period it spent 94% 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 Audiences Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Nucleate Bio Inc ($2.6m), National Atomic Museum Foundation ($2.6m) and Florida West Coast Symphony Inc Endowment TR ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $560k (20% of expenses). Other salaries and wages came to $417k. At year end it held assets of $9.5m against liabilities of $2.3m, net assets of $7.2m. It reported 7 employees.