Philadelphia Youth Choral Ensembles

Analysis

Philadelphia Youth Choral Ensembles is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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 July 2023, Philadelphia Youth Choral Ensembles reported income of $1.5m and spending of $1.6m, spending 108% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.8m to $1.5m (-16%), an average of -4.2% a year. The sharpest change came in the year to July 2022, when income rose by 94%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philadelphia Youth Choral Ensembles sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Sheppard and Enoch Pratt Foundation Inc ($1.5m), Natural Dharma Fellowship ($1.5m) and Korean Community Senior Housing Corp of Maryland ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $83k (5.2% of expenses). Other salaries and wages came to $418k. At year end it held assets of $1.8m against liabilities of $717k, net assets of $1.1m. It reported 22 employees.