Huntsville Youth Orchestra

Analysis

Huntsville Youth Orchestra is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in January 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, Huntsville Youth Orchestra reported income of $229k and spending of $191k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $243k to $229k (-6.0%), an average of -1.5% a year. The sharpest change came in the year to June 2020, when income dropped by 24%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Huntsville Youth Orchestra sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within AL. Charities of a similar size with the same main cause include Contemporaneous ($229k), Just Like You Inc ($229k) and North Carolina Presenters Consortium ($229k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $32k (17% of expenses). Other salaries and wages came to $68k. At year end it held assets of $352k against liabilities of $876, net assets of $351k. It reported 9 employees.