The Gifford Flordia Youth Orchestra

Analysis

The Gifford Flordia Youth Orchestra is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in December 2010, 16 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 December 2023, The Gifford Flordia Youth Orchestra reported income of $314k and spending of $442k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $314k (+28%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 102%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Gifford Flordia Youth Orchestra sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Columbus Historical Society ($314k), Racing History Preservation Group Inc ($315k) and Maryland Chinese Language Institute Incorporated ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 1.4% of the total. At year end it held assets of $1.3m against liabilities of $1.1m, net assets of $275k.