Metropolitan Youth Symphony Inc

Analysis

Metropolitan Youth Symphony Inc is a registered charity in United States, based in Lathrup Village, MI. It received its IRS tax-exemption ruling in August 2014, 12 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 2024, Metropolitan Youth Symphony Inc reported income of $171k and spending of $137k, spending 80% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $156k to $171k (+9.9%), an average of +9.9% a year. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Metropolitan Youth Symphony Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Atwater Pentecost Club ($171k), Danish Festival Inc ($171k) and Fountain Inn Museum Inc ($171k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 64% of the total. At year end it held assets of $299k against liabilities of $78k, net assets of $220k.