New York Youth Symphony Inc

Analysis

New York Youth Symphony Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1964, 62 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, New York Youth Symphony Inc reported income of $1.8m and spending of $1.9m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.3m to $1.8m (-22%), an average of -8.0% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New York Youth Symphony Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Museum of Wisconsin Art Inc ($1.8m), Wonderlab-Museum of Science Health & Technology Inc ($1.8m) and Clay Art Center Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $221k (11% of expenses). Other salaries and wages came to $585k. It paid $166k in professional fundraising fees. At year end it held assets of $9.4m against liabilities of $1.4m, net assets of $8.0m. It reported 20 employees.