Young Artists Philharmonic Inc

Analysis

Young Artists Philharmonic Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in January 1973, 53 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 August 2024, Young Artists Philharmonic Inc reported income of $64k and spending of $35k, leaving 45% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income grew from $37k to $64k (+74%), an average of +74% a year. The sharpest change came in the year to August 2024, when income rose by 74%. Over the whole period it spent 64% 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 Artists Philharmonic Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within CT. Charities of a similar size with the same main cause include Memphis Brooks Museum Decorative Arts Trust Inc ($64k), Northern California Society for Psychoanalytic Psychology ($64k) and Czech and Slovak Association Inc ($64k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 75% and program service revenue 21% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.