Potomac Valley Youth Orchestras Company

Analysis

Potomac Valley Youth Orchestras Company is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in November 1999, 27 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 June 2024, Potomac Valley Youth Orchestras Company reported income of $244k and spending of $231k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $232k to $244k (+5.2%), an average of +1.3% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Potomac Valley Youth Orchestras Company sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include Los Pleneros de LA 21 ($244k), Friends of Jimmy Carter National Historic Site ($244k) and West Texas Hunting and Fishing Heritage Museum Inc ($244k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.