Miami Youth Orchestra Inc

Analysis

Miami Youth Orchestra Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Miami Youth Orchestra Inc reported income of $77k and spending of $66k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $77k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miami Youth Orchestra Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Bakersfield Association of Realtors Charitable Foundation Inc ($77k), Hays High Athletic Booster Club ($77k) and Telugu Society of America Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.