Youth Choirs Inc

Analysis

Youth Choirs Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in February 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Youth Choirs Inc reported income of $524k and spending of $502k, spending 96% of its income. Across the 4 years on record, from July 2020 to July 2023, income fell from $617k to $524k (-15%), an average of -5.3% a year. The sharpest change came in the year to July 2021, when income dropped by 22%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Youth Choirs Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Restore Oregon Inc ($523k), Adams County Fair and Racing Assoc ($524k) and Napa Valley Museum ($523k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 92% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $185k (37% of expenses). Other salaries and wages came to $131k. At year end it held assets of $440k against liabilities of $46k, net assets of $395k. It reported 5 employees.