Bay Youth Orchestra of Virginia

Analysis

Bay Youth Orchestra of Virginia is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in June 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bay Youth Orchestra of Virginia reported income of $210k and spending of $231k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $237k to $210k (-11%), an average of -3.8% a year. The sharpest change came in the year to June 2021, when income dropped by 56%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bay Youth Orchestra of Virginia sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within VA. Charities of a similar size with the same main cause include Orchestra Next ($210k), Fallbrook Gem & Mineral Society Inc ($210k) and Seven Mile Music ($210k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $37k (16% of expenses). Other salaries and wages came to $79k. At year end it held assets of $26k against liabilities of $26k, net assets of $138. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.