Youngstown Symphony Society Inc

Analysis

Youngstown Symphony Society Inc is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in February 1955, 71 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 June 2023, Youngstown Symphony Society Inc reported income of $1.2m and spending of $1.8m, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.2m (-26%), an average of -7.1% a year. The sharpest change came in the year to June 2022, when income rose by 136%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Youngstown Symphony Society Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Japanese Language Advancement School of Dallas Inc ($1.2m), Arts for Learning Massachusetts Inc ($1.2m) and Santa Cecilia Opera and Orchestra Association ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 76% of the total. Other salaries and wages came to $234k. At year end it held assets of $9.3m against liabilities of $928k, net assets of $8.4m. It reported 176 employees.