Empire State Youth Orchestra

Analysis

Empire State Youth Orchestra is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in October 1980, 46 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, Empire State Youth Orchestra reported income of $2.8m and spending of $1.8m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.8m (+80%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 84%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Empire State Youth Orchestra sits at the 94th percentile: it is larger than about 94% 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 Long Beach Island Foundation of the Arts and Sciences ($2.8m), Grand Rapids Ballet Co ($2.8m) and American Chemical Society ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $169k (9.6% of expenses). Other salaries and wages came to $950k. At year end it held assets of $3.6m against liabilities of $656k, net assets of $3.0m. It reported 51 employees.