Denver Young Artists Orchestra Assoc

Analysis

Denver Young Artists Orchestra Assoc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 1980, 46 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, Denver Young Artists Orchestra Assoc reported income of $790k and spending of $759k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $976k to $790k (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2020, when income dropped by 36%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Denver Young Artists Orchestra Assoc 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 76th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Maine Academy of Modern Music ($789k), Salisbury House Foundation ($790k) and Ocean Isle Museum Foundation Inc ($789k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $92k (12% of expenses). Other salaries and wages came to $171k. At year end it held assets of $897k against liabilities of $52k, net assets of $845k. It reported 4 employees.