Florida Symphony Youth Orchestra Inc

Analysis

Florida Symphony Youth Orchestra Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in July 1983, 43 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 2023, Florida Symphony Youth Orchestra Inc reported income of $839k and spending of $924k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $644k to $839k (+30%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 99%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Symphony Youth Orchestra Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Palmetto Citizens Against Sexual Assault ($839k), Pharmacy of Grace Inc ($839k) and Spiritus Ministries Inc ($839k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $65k (7.0% of expenses). Other salaries and wages came to $106k. At year end it held assets of $770k against liabilities of $1,866, net assets of $769k. It reported 12 employees.