Youth Symphony Association of Kansas City Inc

Analysis

Youth Symphony Association of Kansas City Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in December 1959, 67 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 2023, Youth Symphony Association of Kansas City Inc reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $670k to $1.1m (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Youth Symphony Association of Kansas City Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within MO. Charities of a similar size with the same main cause include The Country Playhouse Inc ($1.1m), El Sistema Santa Cruz ($1.1m) and Craft Guild of Dallas Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $97k (8.9% of expenses). Other salaries and wages came to $234k. At year end it held assets of $912k against liabilities of $143k, net assets of $769k. It reported 13 employees.