West Virginia Symphony Orchestra Foundation Inc

Analysis

West Virginia Symphony Orchestra Foundation Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in January 2009, 17 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, West Virginia Symphony Orchestra Foundation Inc reported income of $384k and spending of $296k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.1m to $384k (-64%), an average of -18% a year. The sharpest change came in the year to June 2021, when income rose by 121%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, West Virginia Symphony Orchestra Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within WV. Charities of a similar size with the same main cause include Carpinteria Arts Center ($384k), Endowment Fund for Preservation of Ranch Heritage of America ($384k) and Lanesboro Arts Center ($383k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% of the total. At year end it held assets of $12.6m against liabilities of $135k, net assets of $12.4m.