South Florida Youth Symphony Inc

Analysis

South Florida Youth Symphony Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 1968, 58 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, South Florida Youth Symphony Inc reported income of $334k and spending of $347k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $358k to $334k (-6.7%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Florida Youth Symphony Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Center Township Elderly Housing Inc ($334k), The Illinois State Historical Society ($334k) and New Beginnings Housing Foundation ($334k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $18k (5.3% of expenses). At year end it held assets of $84k against liabilities of $0, net assets of $84k.