San Jose Youth Symphony

Analysis

San Jose Youth Symphony is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in May 2002, 24 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 June 2023, San Jose Youth Symphony reported income of $1.2m and spending of $1.1m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-22%), an average of -6.1% a year. The sharpest change came in the year to June 2022, when income rose by 108%. 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, San Jose Youth Symphony sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Upcountry History Museum ($1.2m), Baltimore Heritage Area Association Inc ($1.2m) and Jacksonville Childrens Chorus Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $211k (20% of expenses). Other salaries and wages came to $202k. At year end it held assets of $1.6m against liabilities of $533k, net assets of $1.1m. It reported 15 employees.