Southeastern Minnesota Youth Orchestra Inc

Analysis

Southeastern Minnesota Youth Orchestra Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in November 1982, 44 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 2024, Southeastern Minnesota Youth Orchestra Inc reported income of $288k and spending of $301k, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $180k to $288k (+60%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southeastern Minnesota Youth Orchestra Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Historical Society of Montgomery County ($288k), Lakeville Community Access Media Inc ($288k) and Vishal Raju Bhagat Foundation ($288k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $44k (15% of expenses). Other salaries and wages came to $35k. At year end it held assets of $89k against liabilities of $9,573, net assets of $79k. It reported 5 employees.