Youth Orchestras of Central Virginia Inc

Analysis

Youth Orchestras of Central Virginia Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in March 1979, 47 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Youth Orchestras of Central Virginia Inc reported income of $110k and spending of $103k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $85k to $110k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Youth Orchestras of Central Virginia Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Historical Society of Millersburg and Upper Paxton Township ($110k), Somerset Sober Living Inc ($110k) and Kalyan Sewa Ashram of USA Inc ($110k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 5.6% of the total. Other salaries and wages came to $67k. At year end it held assets of $148k against liabilities of $0, net assets of $148k. It reported 11 employees.