South Bend Youth Symphony Orchestras Inc

Analysis

South Bend Youth Symphony Orchestras Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in October 2000, 26 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 2024, South Bend Youth Symphony Orchestras Inc reported income of $178k and spending of $195k, spending 109% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $220k to $178k (-19%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Bend Youth Symphony Orchestras Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within IN. Charities of a similar size with the same main cause include Heritage Association of Greater Dundalk Inc ($178k), Northland Cathedral School of Music Inc ($178k) and Amazon Research Center Inc ($178k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 24% of the total. At year end it held assets of $24k against liabilities of $41k, net assets of -$17k.