Southwestern Youth Music Festival

Analysis

Southwestern Youth Music Festival is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in March 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 October 2023, Southwestern Youth Music Festival reported income of $141k and spending of $130k, spending 92% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $132k to $141k (+6.8%), an average of +1.6% a year. The sharpest change came in the year to October 2022, when income rose by 129%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwestern Youth Music Festival sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Wyldflower Learning Community Inc ($141k), Volunteers of America Inc ($141k) and Aikido West ($141k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 2.3% and program service revenue 80% of the total. Other salaries and wages came to $27k. At year end it held assets of $57k against liabilities of $0, net assets of $57k. It reported 5 employees.