Young Musicians and Artists

Analysis

Young Musicians and Artists is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Young Musicians and Artists reported income of $741k and spending of $606k, spending 82% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $448k to $741k (+66%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 76%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Young Musicians and Artists sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OR. Charities of a similar size with the same main cause include Khuba International ($740k), Massachusetts Project 351 Inc ($742k) and The Reel Hope Project ($740k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $91k (15% of expenses). Other salaries and wages came to $22k. At year end it held assets of $951k against liabilities of $4,310, net assets of $946k. It reported 9 employees.