Longmont Youth Symphony Inc

Analysis

Longmont Youth Symphony Inc is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in August 2007, 19 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 2024, Longmont Youth Symphony Inc reported income of $70k and spending of $69k, spending 98% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $58k to $70k (+21%), an average of +21% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Longmont Youth Symphony Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 24th percentile within CO. Charities of a similar size with the same main cause include Historic Trinity Inc ($70k), Colorado Springs Symphony Guild ($70k) and Torn Curtain Arts ($70k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $58k against liabilities of $2,742, net assets of $55k.