Seattle Youth Symphony Orchestra

Analysis

Seattle Youth Symphony Orchestra is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 1965, 61 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 August 2023, Seattle Youth Symphony Orchestra reported income of $2.0m and spending of $1.8m, spending 92% of its income. Across the 6 years on record, from June 2019 to August 2023, income grew from $2.0m to $2.0m (+2.2%), an average of +0.4% a year. The sharpest change came in the year to August 2023, when income rose by 513%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seattle Youth Symphony Orchestra sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include One Generation Away ($2.0m), Mark Arts Inc ($2.0m) and Erie County Historical Society ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 33% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $146k (7.9% of expenses). Other salaries and wages came to $521k. It paid $29k in professional fundraising fees. At year end it held assets of $2.9m against liabilities of $159k, net assets of $2.8m. It reported 17 employees.