Young Peoples Philharmonic of Lehigh Valley

Analysis

Young Peoples Philharmonic of Lehigh Valley is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in October 1985, 41 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 May 2023, Young Peoples Philharmonic of Lehigh Valley reported income of $61k and spending of $83k, spending 137% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $105k to $61k (-42%), an average of -42% a year. The sharpest change came in the year to May 2023, when income dropped by 42%. Over the whole period it spent 117% 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 Peoples Philharmonic of Lehigh Valley sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within PA. Charities of a similar size with the same main cause include Habitat Media Inc ($61k), Klamath Film ($61k) and Itsd Association ($61k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 39% and program service revenue 4.0% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.