Carolina Youth Symphony

Analysis

Carolina Youth Symphony is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in March 1977, 49 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 2023, Carolina Youth Symphony reported income of $392k and spending of $410k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $389k to $392k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to June 2020, when income dropped by 50%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carolina Youth Symphony sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Cascadianow ($392k), Bell Arts Factory ($392k) and Society for the Preservation of Bluegrass Music of America ($392k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $28k (6.9% of expenses). Other salaries and wages came to $76k. At year end it held assets of $614k against liabilities of $0, net assets of $614k. It reported 5 employees.