Salem Youth Symphony Association

Analysis

Salem Youth Symphony Association is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in December 1998, 28 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, Salem Youth Symphony Association reported income of $133k and spending of $109k, spending 82% of its income. Across the 3 years on record, from July 2022 to July 2024, income grew from $102k to $133k (+30%), an average of +14% a year. The sharpest change came in the year to July 2023, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salem Youth Symphony Association sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OR. Charities of a similar size with the same main cause include Hip Hop Education Center Inc ($133k), Oyate Hotanin ($133k) and Huntsville Chamber Music Guild ($133k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 15% and program service revenue 74% of the total. At year end it held assets of $90k against liabilities of $77, net assets of $89k.