Greater Princeton Youth Orchestra

Analysis

Greater Princeton Youth Orchestra is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in April 1979, 47 years ago. 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, Greater Princeton Youth Orchestra reported income of $146k and spending of $231k, spending 158% of what it took in. Across the 2 years on record, from August 2022 to June 2023, income fell from $337k to $146k (-57%), an average of -57% a year. The sharpest change came in the year to June 2023, when income dropped by 57%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Princeton Youth Orchestra sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Parvee Foundation ($146k), Habitat for Humanity International Inc ($146k) and Sturgeon Bay Yacht Club Sail Training Foundation Inc ($146k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $93k (40% of expenses). Other salaries and wages came to $28k. At year end it held assets of $105k against liabilities of $13k, net assets of $92k. It reported 18 employees.