Music for Youth of Arlington Heights

Analysis

Music for Youth of Arlington Heights is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in May 1972, 54 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, Music for Youth of Arlington Heights reported income of $274k and spending of $260k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $245k to $274k (+12%), an average of +2.8% a year. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music for Youth of Arlington Heights sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Massachusetts Air and Space Museum Inc ($274k), National Multicultural Western Heritage Museum ($274k) and Cinemama ($273k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Other salaries and wages came to $182k. At year end it held assets of $66k against liabilities of $5,501, net assets of $61k. It reported 6 employees.