The Capitol Symphonic Youth Orchestras Inc

Analysis

The Capitol Symphonic Youth Orchestras Inc is a registered charity in United States, based in Centreville, VA. It received its IRS tax-exemption ruling in June 2012, 14 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 August 2024, The Capitol Symphonic Youth Orchestras Inc reported income of $328k and spending of $257k, leaving 22% of income unspent that year. Across the 4 years on record, from August 2019 to August 2024, income grew from $266k to $328k (+23%), an average of +7.2% a year. The sharpest change came in the year to August 2023, when income rose by 24%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Capitol Symphonic Youth Orchestras Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Rocky Mountain Quilt Museum ($328k), 1891 Fredonia Opera House ($328k) and Sheboygan Symphony Orchestra Inc ($328k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $96k (37% of expenses). At year end it held assets of $343k against liabilities of $2,112, net assets of $341k.