Northwest Youth Music Association

Analysis

Northwest Youth Music Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Northwest Youth Music Association reported income of $785k and spending of $695k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $665k to $785k (+18%), an average of +4.3% a year. The sharpest change came in the year to September 2023, when income rose by 530%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northwest Youth Music Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include College Aim Inc ($785k), Murrieta School District Educational Facilities Corporation ($785k) and Legacy Project ($785k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. At year end it held assets of $138k against liabilities of $50k, net assets of $88k.