Milwaukee Youth Symphony Orchestra Inc

Analysis

Milwaukee Youth Symphony Orchestra Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 1960, 66 years ago. 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, Milwaukee Youth Symphony Orchestra Inc reported income of $2.6m and spending of $2.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.6m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milwaukee Youth Symphony Orchestra Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WI. Charities of a similar size with the same main cause include National Association of Educational Procurement Inc ($2.6m), Muskingum Economic Opportunity Action Group Inc ($2.6m) and Abide Network Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $324k (11% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $9.9m against liabilities of $945k, net assets of $9.0m. It reported 68 employees.