Minnesota Youth Symphonies

Analysis

Minnesota Youth Symphonies is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 1973, 53 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 May 2023, Minnesota Youth Symphonies reported income of $417k and spending of $545k, spending 131% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $449k to $417k (-7.3%), an average of -2.5% a year. The sharpest change came in the year to May 2023, when income dropped by 22%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Youth Symphonies sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Bryant P T S a ($417k), Sri Veera Venkata Satyanarayana SVVS Temple ($417k) and American Literary Translators Assn ($417k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $66k (12% of expenses). Other salaries and wages came to $193k. At year end it held assets of $48k against liabilities of $45k, net assets of $2,902. It reported 26 employees.