Three Rivers Young Peoples Orchestras

Analysis

Three Rivers Young Peoples Orchestras is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 1976, 50 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Three Rivers Young Peoples Orchestras reported income of $731k and spending of $805k, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $594k to $731k (+23%), an average of +5.3% a year. The sharpest change came in the year to August 2022, when income rose by 81%. 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, Three Rivers Young Peoples Orchestras sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Riverdale Childrens Theatre Inc ($731k), The Hegeler-Carus Foundation ($731k) and Colonial Dames of America ($731k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $74k (9.2% of expenses). Other salaries and wages came to $298k. At year end it held assets of $366k against liabilities of $90k, net assets of $276k. It reported 18 employees.