The Contemporary Youth Orchestra

Analysis

The Contemporary Youth Orchestra is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1998, 28 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 2023, The Contemporary Youth Orchestra reported income of $293k and spending of $351k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $504k to $293k (-42%), an average of -13% a year. The sharpest change came in the year to June 2021, when income rose by 82%. 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, The Contemporary Youth Orchestra sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Friends of the Olga Store Building ($293k), Ethiopian Muslim Association of Seattle ($294k) and Edison Memorial Tower Corporation ($293k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $73k (21% of expenses). Other salaries and wages came to $67k. At year end it held assets of $96k against liabilities of $15k, net assets of $81k. It reported 2 employees.