Chesapeake Youth Symphony Orchestra

Analysis

Chesapeake Youth Symphony Orchestra is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in September 1990, 36 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 2024, Chesapeake Youth Symphony Orchestra reported income of $242k and spending of $292k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $181k to $242k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 17%. 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, Chesapeake Youth Symphony Orchestra sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Oneonta Youth Soccer Assoc ($242k), Tivoli Free Library Assoc ($242k) and Fidos for Freedom Inc ($242k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $34k (12% of expenses). At year end it held assets of $140k against liabilities of $3,528, net assets of $137k. It reported 1 employees.