Foundation to Assist Young Musicians

Analysis

Foundation to Assist Young Musicians is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in March 2008, 18 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 December 2023, Foundation to Assist Young Musicians reported income of $145k and spending of $153k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $145k (+8.2%), an average of +8.2% a year. 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, Foundation to Assist Young Musicians sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within NV. Charities of a similar size with the same main cause include Sacramento Zoroastrian Association ($145k), Southern Agricultural Economics Association ($145k) and Dancing Classrooms Greater Richmond Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 8.4% of the total. At year end it held assets of $248k against liabilities of $0, net assets of $248k.