Youth Orchestra of Greater Fort Worth Inc

Analysis

Youth Orchestra of Greater Fort Worth Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in December 1967, 59 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 June 2023, Youth Orchestra of Greater Fort Worth Inc reported income of $801k and spending of $717k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $791k to $801k (+1.2%), an average of +0.3% a year. The sharpest change came in the year to June 2021, when income dropped by 29%. Over the whole period it spent 86% 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 Orchestra of Greater Fort Worth Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Louisa May Alcotts Orchard House Inc ($800k), Friends of Hawaii Volcanoes National Park ($801k) and Artists Council ($800k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $85k (12% of expenses). Other salaries and wages came to $291k. At year end it held assets of $1.2m against liabilities of $15k, net assets of $1.2m. It reported 21 employees.