New Jersey State Youth Orchestra

Analysis

New Jersey State Youth Orchestra is a registered charity in United States, based in Red Bank, NJ. It received its IRS tax-exemption ruling in November 1979, 47 years ago. 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 July 2024, New Jersey State Youth Orchestra reported income of $82k and spending of $91k, spending 110% of what it took in. Across the 2 years on record, from July 2023 to July 2024, income fell from $119k to $82k (-31%), an average of -31% a year. The sharpest change came in the year to July 2024, when income dropped by 31%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey State Youth Orchestra sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Nevada Senior Games Inc ($82k), Cascade Medical Center Foundation Inc ($82k) and Boys & Girls Club of Del Rio Inc ($82k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.