Fargo-Moorhead Area Youth Symphonies

Analysis

Fargo-Moorhead Area Youth Symphonies is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in October 2023, 3 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 2024, Fargo-Moorhead Area Youth Symphonies reported income of $109k and spending of $112k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $110k to $109k (-1.5%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 41%. 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, Fargo-Moorhead Area Youth Symphonies sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 30th percentile within ND. Charities of a similar size with the same main cause include Lake Superior Theater Inc ($109k), West Coast Players ($109k) and Bastrop Homecoming Committee ($109k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 68% of the total. At year end it held assets of $320k against liabilities of $1,875, net assets of $318k.