Friends of the Las Vegas Youth Orch Estra

Analysis

Friends of the Las Vegas Youth Orch Estra is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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, Friends of the Las Vegas Youth Orch Estra reported income of $81k and spending of $218k, spending 271% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $131k to $81k (-38%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 49%. Over the whole period it spent 316% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Las Vegas Youth Orch Estra sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within NV. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($81k), Mhak-Cmi Apartments Inc ($81k) and Georgia Extension 4-H Foundation ($81k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $170k. At year end it held assets of $58k against liabilities of $0, net assets of $58k.

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.