Symphony by the Sea

Analysis

Symphony by the Sea is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in September 1981, 45 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 June 2024, Symphony by the Sea reported income of $96k and spending of $102k, spending 107% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $56k to $96k (+71%), an average of +71% a year. The sharpest change came in the year to June 2024, when income rose by 71%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Symphony by the Sea sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Monroe Theatre Guild Inc ($96k), Lyndon Baines Johnson Museum of San Marcos ($96k) and Wisconsin Craft Inc ($96k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.