Albuquerque Youth Symphony Program Inc

Analysis

Albuquerque Youth Symphony Program Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2024, Albuquerque Youth Symphony Program Inc reported income of $647k and spending of $622k, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $603k to $647k (+7.2%), an average of +1.4% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Albuquerque Youth Symphony Program Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NM. Charities of a similar size with the same main cause include Forest Hills Youth Athletic Association Inc ($647k), Conetoe Family Life Center Inc ($647k) and Challenge Youth Conference Inc ($647k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $71k (11% of expenses). Other salaries and wages came to $198k. At year end it held assets of $2.0m against liabilities of $195k, net assets of $1.8m. It reported 22 employees.