Young Concert Artists Inc
Young Concert Artists Inc. maintains strong assets and zero reported officer compensation amidst fluctuating revenues.
EIN: 131951681 · New York, NY · NTEE: A680 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.9M |
| Total Expenses | $3.8M |
| Program Spending | 80% |
| Net Assets | $9.5M |
| Transparency Score | 85/100 |
Is Young Concert Artists Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Young Concert Artists Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Young Concert Artists Inc
Young Concert Artists Inc (EIN: 131951681) is a nonprofit organization based in New York, NY, classified under NTEE code A680. The organization reported total revenue of $6.9M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Young Concert Artists Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Young Concert Artists Inc is a mid-size nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-307,129 |
| Total Assets | $11.0M |
| Total Liabilities | $1.4M |
| Net Assets | $9.5M |
| Operating Margin | -8.7% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 34.3 months |
Financial Health Grade: B
In 2023, Young Concert Artists Inc reported a deficit of $307K with expenses exceeding revenue, holds 34.3 months of operating reserves (strong position), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Young Concert Artists Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.2% | +8.8% | +14.6% |
| 2022 | +52.4% | +35.1% | -11.3% |
| 2021 | -8.6% | -21.2% | +15.6% |
| 2020 | +7.4% | -6.0% | -2.3% |
| 2019 | -11.0% | +3.9% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1963 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Young Concert Artists Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Young Concert Artists Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $307K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.1%.
Executive Compensation Analysis
The organization consistently reports 0% for officer compensation across all available filings, indicating that executive compensation is either non-existent, very low, or not categorized under 'officer compensation' in a way that triggers reporting, which is a strong positive for financial transparency and donor confidence.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Young Concert Artists Inc's IRS 990 filings:
- Fluctuating revenue with occasional deficits (e.g., 202306: expenses $3,838,282 > revenue $3,531,153) requires careful monitoring.
- Lack of detailed functional expense breakdown in provided data makes a precise assessment of program vs. admin spending difficult.
Strengths
The following positive indicators were identified for Young Concert Artists Inc:
- Strong and consistent asset base, with assets reaching $12,447,677.
- Zero reported officer compensation across all filings, indicating high transparency and potentially efficient use of funds.
- Relatively low liabilities compared to assets, suggesting good financial management.
- Significant revenue growth in the latest period ($6,891,674).
Frequently Asked Questions about Young Concert Artists Inc
Is Young Concert Artists Inc a legitimate charity?
Young Concert Artists Inc (EIN: 131951681) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.9M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Young Concert Artists Inc spend its money?
Young Concert Artists Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Young Concert Artists Inc tax-deductible?
Young Concert Artists Inc is registered as a tax-exempt nonprofit (EIN: 131951681). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Young Concert Artists Inc's spending goes to programs?
Young Concert Artists Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Young Concert Artists Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Young Concert Artists Inc is above average for NTEE category A680 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Young Concert Artists Inc located?
Young Concert Artists Inc is headquartered in New York, New York and files with the IRS under EIN 131951681. It is classified under NTEE code A680.
How many years of IRS 990 filings does Young Concert Artists Inc have?
Young Concert Artists Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.9M in total revenue.
Is Young Concert Artists Inc. financially stable?
Yes, the organization appears financially stable, consistently maintaining assets above $9 million, reaching $12,447,677 in the latest period, and generally managing liabilities well (e.g., $1,433,453 in 202306 against $10,965,859 in assets).
How does Young Concert Artists Inc. manage executive compensation?
Young Concert Artists Inc. reports 0% for officer compensation across all available IRS 990 filings, suggesting a highly conservative approach to executive pay or that compensation is structured differently.
What is the trend in revenue and expenses for Young Concert Artists Inc.?
Revenue has fluctuated, with a significant increase to $6,891,674 in the latest period, while expenses have generally remained between $2.6 million and $3.8 million, indicating periods of both surplus and deficit.
Are there any red flags regarding the organization's liabilities?
Liabilities have generally been low relative to assets, though they saw an increase to $1,433,453 in 202306. This is still manageable given assets of $10,965,859 in the same period.
Filing History
IRS 990 filing history for Young Concert Artists Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Young Concert Artists Inc's revenue has grown by 23.3%, moving from $2.9M to $3.5M. Total assets increased by 10.7% over the same period, from $9.9M to $11.0M. Total functional expenses rose by 24.3%, from $3.1M to $3.8M. In its most recent filing year (2023), Young Concert Artists Inc reported a deficit of $307K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $11.0M in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $9.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.8M | $11.0M | $1.4M | — | — |
| 2022 | $4.0M | $3.5M | $9.6M | $255K | — | View 990 |
| 2021 | $2.6M | $2.6M | $10.8M | $524K | — | View 990 |
| 2020 | $2.9M | $3.3M | $9.3M | $337K | — | View 990 |
| 2019 | $2.7M | $3.5M | $9.5M | $257K | — | View 990 |
| 2018 | $3.0M | $3.4M | $9.9M | $201K | — | View 990 |
| 2017 | $4.2M | $3.2M | $9.8M | $98K | — | View 990 |
| 2016 | $2.9M | $3.1M | $9.7M | $81K | — | View 990 |
| 2015 | $3.0M | $2.9M | $10.7M | $115K | — | View 990 |
| 2014 | $3.0M | $3.0M | $11.5M | $198K | — | View 990 |
| 2013 | $3.1M | $2.9M | $10.5M | $140K | — | View 990 |
| 2012 | $3.1M | $3.0M | $9.7M | $191K | — | View 990 |
| 2011 | $2.9M | $3.1M | $9.9M | $131K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.8M, and assets of $11.0M (revenue -11.2% year-over-year).
- 2022: Revenue of $4.0M, expenses of $3.5M, and assets of $9.6M (revenue +52.4% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.6M, and assets of $10.8M (revenue -8.6% year-over-year).
- 2020: Revenue of $2.9M, expenses of $3.3M, and assets of $9.3M (revenue +7.4% year-over-year).
- 2019: Revenue of $2.7M, expenses of $3.5M, and assets of $9.5M (revenue -11.0% year-over-year).
- 2018: Revenue of $3.0M, expenses of $3.4M, and assets of $9.9M (revenue -29.5% year-over-year).
- 2017: Revenue of $4.2M, expenses of $3.2M, and assets of $9.8M (revenue +43.7% year-over-year).
- 2016: Revenue of $2.9M, expenses of $3.1M, and assets of $9.7M (revenue -0.2% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.9M, and assets of $10.7M (revenue +0.1% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.0M, and assets of $11.5M (revenue -5.1% year-over-year).
- 2013: Revenue of $3.1M, expenses of $2.9M, and assets of $10.5M (revenue +1.9% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.0M, and assets of $9.7M (revenue +6.6% year-over-year).
- 2011: Revenue of $2.9M, expenses of $3.1M, and assets of $9.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Young Concert Artists Inc:
Data Sources and Methodology
This transparency report for Young Concert Artists Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.