Tacoma Youth Symphony Association Inc

Analysis

Tacoma Youth Symphony Association Inc is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in February 1969, 57 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 2024, Tacoma Youth Symphony Association Inc reported income of $1.3m and spending of $932k, leaving 28% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $669k to $1.3m (+93%), an average of +14% a year. The sharpest change came in the year to May 2022, when income rose by 45%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tacoma Youth Symphony Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Grace Museum Inc ($1.3m), Centro Criollo de Ciencias Y Tecnologia Inc ($1.3m) and Cleveland Bradley Regional Museum ($1.3m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $132k (14% of expenses). Other salaries and wages came to $221k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 15 employees.