Utah Youth Symphony Association

Analysis

Utah Youth Symphony Association is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in January 1982, 44 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, Utah Youth Symphony Association reported income of $261k and spending of $230k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $258k to $261k (+1.2%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Utah Youth Symphony Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within UT. Charities of a similar size with the same main cause include Sculpturetucson Org Inc ($261k), Trail of Tears Association ($261k) and Southwest Music Education Association ($261k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $71k (31% of expenses). It paid $30k in professional fundraising fees. At year end it held assets of $230k against liabilities of $90, net assets of $230k.