Young Artist Awards

Analysis

Young Artist Awards is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Young Artist Awards reported income of $56k and spending of $52k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $54k to $56k (+3.1%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Artist Awards sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Colorado Teachers of English to Speakers of Other Languages ($56k), Hyatt International Ministries ($56k) and Oklahoma Academy of Nutrition and Dietetics Association ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $4,791 against liabilities of $0, net assets of $4,791.