Arts, Culture & Humanities
(A680)
IRS Verified
DX Registered
990 on File
YOUNG MUSICIANS FOUNDATION
Financial strength (30%)
93/100
Reliability (20%)
55/100
Effectiveness (25%)
97/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
Young Musicians Foundation (YMF)’s mission is to provide equal access to high quality music education and experiences to students and community members, especially those at the margins of society. The right to mutual respect, connection without bias, and the fundamental value and dignity of all individuals are at the core of YMF’s mission. We are inspired by the power of music to unite us all.
Financial Overview — FY 2023
$1.2M
Total Revenue
$1.1M
Total Expenses
$1.4M
Net Assets
29
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.3%
Fundraising Efficiency
N/A
Operating Reserve
15.04x
Liability-to-Asset
0.0%
Revenue Diversification
74.3%
Executive Compensation
$91K
Compared with Peers
FY 2023
Compared with 4,649 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.3% | 77.9% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.0% | 14.6% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
6.6% | 5.5% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
15.0 mo | 16.8 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 10.7% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
74.3% | 74.6% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
10.2% | 3.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
0.3% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
9.3% | -0.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $1.4M | 88.3% | 29 |
| 2022 | $1.1M | $1.1M | $1.3M | 84.8% | 34 |
| 2021 | $2.0M | $858K | N/A | — | 32 |
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