Stretto Youth Chamber Orchestra

Analysis

Stretto Youth Chamber Orchestra is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in August 2016, 10 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 August 2023, Stretto Youth Chamber Orchestra reported income of $99k and spending of $101k, spending 102% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $225k to $99k (-56%), an average of -56% a year. The sharpest change came in the year to August 2023, when income dropped by 56%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stretto Youth Chamber Orchestra sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include Class Act Productions Inc ($99k), Historical Society of Greater Port Jefferson ($99k) and Sweet Adelines International ($99k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $9,212 against liabilities of $0, net assets of $9,212.