California Youth Symphony Association

Analysis

California Youth Symphony Association is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in May 1954, 72 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 2024, California Youth Symphony Association reported income of $1.9m and spending of $1.8m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $965k to $1.9m (+93%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, California Youth Symphony Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Santa Barbara Opera Association ($1.9m), Providence Art Club ($1.9m) and Area Stage Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $162k (8.8% of expenses). Other salaries and wages came to $325k. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $1.0m. It reported 35 employees.