Tulsa Youth Symphony Inc

Analysis

Tulsa Youth Symphony Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in July 1975, 51 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 May 2023, Tulsa Youth Symphony Inc reported income of $471k and spending of $504k, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $215k to $471k (+119%), an average of +22% a year. The sharpest change came in the year to May 2023, when income rose by 109%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tulsa Youth Symphony Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OK. Charities of a similar size with the same main cause include Paideia Inc ($471k), Brethren Disaster Relief Auction Inc ($471k) and Palo Alto Chamber Orchestra ($471k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Other salaries and wages came to $225k. At year end it held assets of $57k against liabilities of $37k, net assets of $20k. It reported 14 employees.