Young Audiences Inc of Houston

Analysis

Young Audiences Inc of Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Young Audiences Inc of Houston reported income of $1.7m and spending of $1.1m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $803k to $1.7m (+111%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Young Audiences Inc of Houston sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Congregation Bnos Yakov ($1.7m), Peak Programs Inc ($1.7m) and Buck Vaughan Athletic Scholarship ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $103k (9.0% of expenses). Other salaries and wages came to $93k. At year end it held assets of $3.6m against liabilities of $355, net assets of $3.6m. It reported 7 employees.