Wisconsin Youth Symphony Orchestra Inc

Analysis

Wisconsin Youth Symphony Orchestra Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in June 1967, 59 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 2023, Wisconsin Youth Symphony Orchestra Inc reported income of $18.9m and spending of $1.6m, leaving 91% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $18.9m (+1442%), an average of +149% a year. The sharpest change came in the year to June 2022, when income rose by 342%. Over the whole period it spent 19% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wisconsin Youth Symphony Orchestra Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include North Carolina Museum of Art Foundation Inc ($18.8m), Boston Youth Symphony Orchestra Inc ($18.9m) and Adler Planetarium ($18.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $174k (11% of expenses). Other salaries and wages came to $863k. At year end it held assets of $27.7m against liabilities of $3.1m, net assets of $24.6m. It reported 27 employees.