Greater Twin Cities Youth Symphonies

Analysis

Greater Twin Cities Youth Symphonies is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in November 1962, 64 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 August 2023, Greater Twin Cities Youth Symphonies reported income of $1.6m and spending of $1.5m, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $1.6m (+16%), an average of +3.7% a year. The sharpest change came in the year to August 2022, when income rose by 41%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Twin Cities Youth Symphonies sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Bay Area Womens Center ($1.6m), Wee Care Child Center Inc ($1.6m) and Harvest America Corporation Franklin Center ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 37% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $105k (7.1% of expenses). Other salaries and wages came to $729k. At year end it held assets of $2.9m against liabilities of $603k, net assets of $2.3m. It reported 45 employees.