Spokane Youth Symphony Inc

Analysis

Spokane Youth Symphony Inc is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in March 1951, 75 years ago. 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 May 2023, Spokane Youth Symphony Inc reported income of $290k and spending of $291k, spending 100% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $233k to $290k (+25%), an average of +7.7% a year. The sharpest change came in the year to May 2023, when income rose by 57%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spokane Youth Symphony Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include Three Rivers Festival Foundation Inc NFP ($290k), Hickory Landmarks Society Inc ($290k) and Bristol Concert Ballet Company ($290k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $135k (46% of expenses). At year end it held assets of $148k against liabilities of $0, net assets of $148k. It reported 2 employees.