Yakima Symphony Orchestra Inc

Analysis

Yakima Symphony Orchestra Inc is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in February 1974, 52 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 June 2023, Yakima Symphony Orchestra Inc reported income of $1.1m and spending of $1.4m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.1m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to June 2022, when income rose by 151%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yakima Symphony Orchestra Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Science Museum Oklahoma Affiliated Fund of Occf Inc ($1.1m), San Diego Film Foundation ($1.1m) and Hec-Tv ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $203k (14% of expenses). Other salaries and wages came to $522k. At year end it held assets of $2.7m against liabilities of $477k, net assets of $2.2m. It reported 214 employees.