Golden State Youth Orchestra Association

Analysis

Golden State Youth Orchestra Association is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in December 1966, 60 years ago. 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 July 2023, Golden State Youth Orchestra Association reported income of $1.0m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.6m to $1.0m (-37%), an average of -11% a year. The sharpest change came in the year to July 2022, when income rose by 62%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden State Youth Orchestra Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include The Mainstay Foundation ($1.0m), Rose Fire Company No 1 Volunteer Fire Rescue & Ambulance ($1.0m) and North Whidbey Help ($1.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $108k (11% of expenses). Other salaries and wages came to $209k. At year end it held assets of $943k against liabilities of $511k, net assets of $432k.