Inner City Youth Orchestra of Los Angeles Incorporated

Analysis

Inner City Youth Orchestra of Los Angeles Incorporated is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2022, 4 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, Inner City Youth Orchestra of Los Angeles Incorporated reported income of $3.2m and spending of $1.4m, leaving 57% of income unspent that year. Across the 4 years on record, from December 2018 to December 2023, income grew from $333k to $3.2m (+855%), an average of +112% a year. The sharpest change came in the year to December 2022, when income rose by 317%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inner City Youth Orchestra of Los Angeles Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Emerson Umbrella Inc ($3.2m), Policy Research Inc ($3.2m) and University Press of Mississippi Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $67k (4.9% of expenses). Other salaries and wages came to $548k. It paid $194k in professional fundraising fees. At year end it held assets of $7.4m against liabilities of $7.4m, net assets of $0.