Bytm Building Youth Through Music

Analysis

Bytm Building Youth Through Music is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in December 2006, 20 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 December 2023, Bytm Building Youth Through Music reported income of $358k and spending of $359k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $148k to $358k (+142%), an average of +142% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bytm Building Youth Through Music sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Juneau Symphony Inc ($358k), Friends of the Lincoln Collection of Indiana Inc ($359k) and Greenwave Band Booster Inc ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $131k (37% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.