Elgin Youth Symphony Orchestra Inc

Analysis

Elgin Youth Symphony Orchestra Inc is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Elgin Youth Symphony Orchestra Inc reported income of $736k and spending of $961k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $685k to $736k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elgin Youth Symphony Orchestra Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include North Texas Capacity Builders Inc ($735k), Heritage Training and Career Center ($736k) and Demeter Holdings Corporation ($735k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $143k (15% of expenses). Other salaries and wages came to $430k. At year end it held assets of $363k against liabilities of $49k, net assets of $314k. It reported 25 employees.