North Torrance Youth Musicians Ensemble

Analysis

North Torrance Youth Musicians Ensemble is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, North Torrance Youth Musicians Ensemble reported income of $54k and spending of $42k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $56k to $54k (-3.1%), an average of -3.1% a year. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Torrance Youth Musicians Ensemble sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Patrons of the East Baton Rouge Parish Public Library ($54k), Parent Booster USA Inc ($54k) and 82d Airborne Division Association Educational Fund Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 8.0% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.