Vermont Symphony Orchestra Inc

Analysis

Vermont Symphony Orchestra Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in November 1939, 87 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Vermont Symphony Orchestra Inc reported income of $1.6m and spending of $1.9m, spending 123% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.8m to $1.6m (-14%), an average of -3.6% a year. The sharpest change came in the year to May 2022, when income rose by 175%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vermont Symphony Orchestra Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within VT. Charities of a similar size with the same main cause include Southern Ohio Museum Corporation ($1.6m), Montana History Foundation ($1.6m) and Synetic Theatre Inc ($1.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 63% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $115k (5.9% of expenses). Other salaries and wages came to $705k. At year end it held assets of $6.0m against liabilities of $301k, net assets of $5.7m. It reported 174 employees.