Young Musicians Choral Orchestra

Analysis

Young Musicians Choral Orchestra is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in June 2013, 13 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, Young Musicians Choral Orchestra reported income of $697k and spending of $562k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $697k (-56%), an average of -18% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Young Musicians Choral Orchestra sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Friends of Weymouth Inc ($697k), Underscore Media Collaboration ($697k) and Asian Pacific Islander Legislative Caucus Foundation ($697k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $102k (18% of expenses). Other salaries and wages came to $40k. At year end it held assets of $1.8m against liabilities of $1,932, net assets of $1.8m. It reported 2 employees.