Lexington Symphony Inc

Analysis

Lexington Symphony Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in June 1996, 30 years ago. 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, Lexington Symphony Inc reported income of $613k and spending of $607k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $417k to $613k (+47%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lexington Symphony Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Wake for Warriors Inc ($613k), Asia-Pacific International University Foundation ($613k) and Hawaii Tax Institute Foundation ($613k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 52% of the total. Other salaries and wages came to $117k. At year end it held assets of $483k against liabilities of $258k, net assets of $225k. It reported 8 employees.