Young Audiences of Western New York Inc

Analysis

Young Audiences of Western New York Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 1967, 59 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Young Audiences of Western New York Inc reported income of $815k and spending of $894k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $720k to $815k (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 96% 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 of Western New York Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include New York International Childrens Film Festival Inc ($815k), Relampago Del Cielo Inc ($816k) and Childrens Museum of Acadiana ($815k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $66k (7.4% of expenses). Other salaries and wages came to $260k. At year end it held assets of $269k against liabilities of $45k, net assets of $224k. It reported 42 employees.