Bay Youth Music Association Inc

Analysis

Bay Youth Music Association Inc is a registered charity in United States, based in Lynn Haven, FL. It received its IRS tax-exemption ruling in November 2015, 11 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 January 2024, Bay Youth Music Association Inc reported income of $91k and spending of $88k, spending 97% of its income. Across the 2 years on record, from January 2023 to January 2024, income grew from $72k to $91k (+26%), an average of +26% a year. The sharpest change came in the year to January 2024, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bay Youth Music Association Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include The Chosin Few Inc ($91k), Kay Butler Performing Arts Project ($91k) and Alaska Jazz Workshop ($91k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.