San Diego Youth Symphony

Analysis

San Diego Youth Symphony is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 1975, 51 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 June 2023, San Diego Youth Symphony reported income of $2.4m and spending of $2.7m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.4m (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Diego Youth Symphony 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 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Council for Exceptional Children and Adults Inc ($2.4m), The Sixth Amendment Center Incorporated ($2.4m) and Jamestown Campus of the Jamestown Comm Col Faculty Student Assoc Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $138k (5.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.9m against liabilities of $134k, net assets of $3.8m. It reported 68 employees.