Philadelphia Youth Orchestra

Analysis

Philadelphia Youth Orchestra is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1962, 64 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 August 2023, Philadelphia Youth Orchestra reported income of $1.9m and spending of $1.8m, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $1.9m (+30%), an average of +6.8% a year. The sharpest change came in the year to August 2021, when income rose by 64%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philadelphia Youth Orchestra sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Jewish Social Services of Madison Inc ($1.9m), Pitt Community College Foundation Inc ($1.9m) and Young Mens Christian Association of Warren County ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 45% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $271k (15% of expenses). Other salaries and wages came to $893k. At year end it held assets of $2.4m against liabilities of $860k, net assets of $1.6m. It reported 9 employees.