Amarillo Youth Choirs Inc

Analysis

Amarillo Youth Choirs Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in February 1998, 28 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, Amarillo Youth Choirs Inc reported income of $131k and spending of $138k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $283k to $131k (-54%), an average of -18% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Amarillo Youth Choirs Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Telugu Association of Florida Inc ($131k), Band Together Pittsburgh ($131k) and Alternative Arts and Music Program Utah ($131k).

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 $37k (27% of expenses). Other salaries and wages came to $38k. At year end it held assets of $140k against liabilities of $6,974, net assets of $133k. It reported 4 employees.