Houston Youth Symphony

Analysis

Houston Youth Symphony is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 1950, 76 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 May 2023, Houston Youth Symphony reported income of $959k and spending of $835k, spending 87% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $751k to $959k (+28%), an average of +8.5% a year. The sharpest change came in the year to May 2023, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Houston Youth Symphony sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Delaware Celebration of Jazz Inc ($959k), Torn Space Theater Inc ($959k) and Institute of Chinese Culture ($958k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $84k (10% of expenses). Other salaries and wages came to $235k. At year end it held assets of $805k against liabilities of $0, net assets of $805k. It reported 11 employees.