Cascade Youth Symphony

Analysis

Cascade Youth Symphony is a registered charity in United States, based in Edmonds, WA. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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 June 2023, Cascade Youth Symphony reported income of $301k and spending of $320k, spending 106% of what it took in. Across the 3 years on record, from June 2018 to June 2023, income grew from $250k to $301k (+21%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cascade Youth Symphony sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($301k), Black Filmmaker Foundation ($301k) and Asian American Professional Association ($301k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $52k (16% of expenses). Other salaries and wages came to $115k. At year end it held assets of $219k against liabilities of $99k, net assets of $119k. It reported 9 employees.