Tucson Youth Music Center

Analysis

Tucson Youth Music Center is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in July 1962, 64 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, Tucson Youth Music Center reported income of $81k and spending of $323k, spending 399% of what it took in. Across the 5 years on record, from May 2020 to December 2023, income fell from $258k to $81k (-69%), an average of -25% a year. The sharpest change came in the year to December 2021, when income rose by 374%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tucson Youth Music Center sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within AZ. Charities of a similar size with the same main cause include Chinese Community Center of Flushing Inc ($81k), American Steam Railroadpreservation Association Inc ($81k) and Acadiana Indian Association ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $112k (35% of expenses). At year end it held assets of $716k against liabilities of $2,742, net assets of $713k. It reported 1 employees.