Youth Art Team

Analysis

Youth Art Team is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in July 2019, 7 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, Youth Art Team reported income of $304k and spending of $328k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $292k to $304k (+4.3%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 19%. 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 Art Team sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include The Opera Atelier Inc ($304k), Backcountry Concerts Inc ($304k) and Grand County Historical Association ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $92k (28% of expenses). Other salaries and wages came to $65k. At year end it held assets of $201k against liabilities of $3,031, net assets of $198k. It reported 10 employees.