Louisville Youth Orchestra

Analysis

Louisville Youth Orchestra is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1962, 64 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, Louisville Youth Orchestra reported income of $426k and spending of $332k, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $368k to $426k (+16%), an average of +4.9% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Louisville Youth Orchestra sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within KY. Charities of a similar size with the same main cause include Dova Inc ($426k), People of Progression Inc ($426k) and Southwestern Social Science Association ($425k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $50k (15% of expenses). Other salaries and wages came to $129k. At year end it held assets of $607k against liabilities of $84k, net assets of $523k. It reported 16 employees.