Brooklyn Youth Music Project Inc

Analysis

Brooklyn Youth Music Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2011, 15 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, Brooklyn Youth Music Project Inc reported income of $138k and spending of $208k, spending 152% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $177k to $138k (-22%), an average of -6.1% a year. The sharpest change came in the year to August 2021, when income rose by 62%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brooklyn Youth Music Project Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Lauren F Bruner Uss Arizona Memorial Foundation ($138k), Milal Missionary Choir Association Inc ($138k) and Bay Choral Guild ($138k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $125k. At year end it held assets of $31k against liabilities of $0, net assets of $31k. It reported 12 employees.