Youth Orchestras of Charlotte Inc

Analysis

Youth Orchestras of Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2006, 20 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, Youth Orchestras of Charlotte Inc reported income of $193k and spending of $206k, spending 107% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $222k to $193k (-13%), an average of -4.6% a year. Over the whole period it spent 98% 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 Orchestras of Charlotte Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Lira Ensemble ($193k), The Paul Bunyan Playhouse Inc ($193k) and Morballet Inc ($193k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. At year end it held assets of $175k against liabilities of $3,880, net assets of $171k.