Peninsula Youth Orchestra

Analysis

Peninsula Youth Orchestra is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in December 2001, 25 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 July 2024, Peninsula Youth Orchestra reported income of $100k and spending of $102k, spending 103% of its income. Across the 4 years on record, from July 2021 to July 2024, income grew from $21k to $100k (+380%), an average of +69% a year. The sharpest change came in the year to July 2023, when income rose by 220%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peninsula Youth Orchestra sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 32nd percentile within WA. Charities of a similar size with the same main cause include Connecticut Choral Society Inc ($100k), Dorchester County Historical ($100k) and Maryland Matters Inc ($100k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 28% and program service revenue 59% of the total. At year end it held assets of $53k against liabilities of $10k, net assets of $43k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.