Corvallis Youth Symphony Association

Analysis

Corvallis Youth Symphony Association is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in September 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Corvallis Youth Symphony Association reported income of $300k and spending of $290k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $242k to $300k (+24%), an average of +7.4% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corvallis Youth Symphony Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within OR. Charities of a similar size with the same main cause include Vietnamese American Organization - Vao ($299k), Berkeley Community Chorus & Orchestra ($300k) and Freedom Quilting Bee Legacy ($299k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $57k (20% of expenses). Other salaries and wages came to $140k. At year end it held assets of $244k against liabilities of $17k, net assets of $226k. It reported 15 employees.