Youth Orchestras Of Charlotte Inc
Youth Orchestras Of Charlotte Inc maintains stable finances with no reported officer compensation.
EIN: 203246375 · Charlotte, NC · NTEE: A69 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $214K |
| Total Expenses | $206K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $171K |
| Transparency Score | 90/100 |
Is Youth Orchestras Of Charlotte Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Youth Orchestras Of Charlotte Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Youth Orchestras Of Charlotte Inc
Youth Orchestras Of Charlotte Inc (EIN: 203246375) is a nonprofit organization based in Charlotte, NC, classified under NTEE code A69. The organization reported total revenue of $214K and total assets of $180K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Youth Orchestras Of Charlotte Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Youth Orchestras Of Charlotte Inc is a small nonprofit that has been operating for 20 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 16.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $193K |
| Total Expenses | $206K |
| Surplus / Deficit | $-13,240 |
| Total Assets | $175K |
| Total Liabilities | $4K |
| Net Assets | $171K |
| Operating Margin | -6.9% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 10.2 months |
Financial Health Grade: B
In 2023, Youth Orchestras Of Charlotte Inc reported a deficit of $13K with expenses exceeding revenue, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Youth Orchestras Of Charlotte Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.2% | -1.7% | -9.4% |
| 2022 | +14.8% | +43.2% | +4.4% |
| 2021 | -6.5% | -34.0% | +28.3% |
| 2020 | -9.8% | +29.2% | -21.7% |
| 2019 | +147.0% | +468.9% | +82.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Youth Orchestras Of Charlotte Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Youth Orchestras Of Charlotte Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led or very low-cost leadership structure, which is highly efficient for an organization of its size with revenues around $200,000.
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.
Strengths
The following positive indicators were identified for Youth Orchestras Of Charlotte Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Low liabilities relative to assets, suggesting strong financial health and minimal debt.
- Stable revenue stream around $200,000 annually, supporting consistent operations.
- Consistent filing of IRS Form 990s, demonstrating good transparency.
- Assets consistently exceed liabilities, providing a solid financial foundation.
Frequently Asked Questions about Youth Orchestras Of Charlotte Inc
Is Youth Orchestras Of Charlotte Inc a legitimate charity?
Youth Orchestras Of Charlotte Inc (EIN: 203246375) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 6 years of IRS 990 filings on record. Total revenue: $214K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Youth Orchestras Of Charlotte Inc spend its money?
Youth Orchestras Of Charlotte Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Youth Orchestras Of Charlotte Inc tax-deductible?
Youth Orchestras Of Charlotte Inc is registered as a tax-exempt nonprofit (EIN: 203246375). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Youth Orchestras Of Charlotte Inc CEO make?
Youth Orchestras Of Charlotte Inc's highest-compensated officer earns $200,000. annually. The organization reported $214K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Youth Orchestras Of Charlotte Inc's spending goes to programs?
Youth Orchestras Of Charlotte Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Youth Orchestras Of Charlotte Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Youth Orchestras Of Charlotte Inc is above average for NTEE category A69 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Youth Orchestras Of Charlotte Inc located?
Youth Orchestras Of Charlotte Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 203246375. It is classified under NTEE code A69.
How many years of IRS 990 filings does Youth Orchestras Of Charlotte Inc have?
Youth Orchestras Of Charlotte Inc has 6 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 $214K in total revenue.
Is Youth Orchestras Of Charlotte Inc a good charity?
Based on the available IRS 990 data, Youth Orchestras Of Charlotte Inc appears to be a good charity. It demonstrates strong financial stability with consistent revenues and low liabilities, and notably reports 0% officer compensation, suggesting a high dedication of funds to its mission.
How does Youth Orchestras Of Charlotte Inc manage its administrative costs?
The organization manages administrative costs very effectively, as evidenced by the consistent reporting of 0% officer compensation across all six filings. This indicates a very lean or volunteer-driven administrative structure, allowing more funds to be directed to programs.
What is the trend in Youth Orchestras Of Charlotte Inc's financial health?
Youth Orchestras Of Charlotte Inc shows a stable financial trend. Revenues have consistently been around $200,000 in recent years, and assets have remained robust, ranging from $144,393 to $193,491, while liabilities have stayed very low, indicating prudent financial management.
Filing History
IRS 990 filing history for Youth Orchestras Of Charlotte Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Youth Orchestras Of Charlotte Inc's revenue has grown by 114.7%, moving from $90K to $193K. Total assets increased by 73.7% over the same period, from $101K to $175K. Total functional expenses rose by 583.8%, from $30K to $206K. In its most recent filing year (2023), Youth Orchestras Of Charlotte Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $4K in liabilities against $175K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $171K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $193K | $206K | $175K | $4K | — | View 990 |
| 2022 | $215K | $210K | $193K | $8K | — | View 990 |
| 2021 | $187K | $146K | $185K | $5K | — | — |
| 2020 | $200K | $222K | $144K | $4K | — | View 990 |
| 2019 | $222K | $172K | $184K | $3K | — | View 990 |
| 2018 | $90K | $30K | $101K | $266 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $193K, expenses of $206K, and assets of $175K (revenue -10.2% year-over-year).
- 2022: Revenue of $215K, expenses of $210K, and assets of $193K (revenue +14.8% year-over-year).
- 2021: Revenue of $187K, expenses of $146K, and assets of $185K (revenue -6.5% year-over-year).
- 2020: Revenue of $200K, expenses of $222K, and assets of $144K (revenue -9.8% year-over-year).
- 2019: Revenue of $222K, expenses of $172K, and assets of $184K (revenue +147.0% year-over-year).
- 2018: Revenue of $90K, expenses of $30K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Youth Orchestras Of Charlotte Inc:
Data Sources and Methodology
This transparency report for Youth Orchestras Of Charlotte 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.