Houston Symphony Endowment

Analysis

Houston Symphony Endowment is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2007, 19 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Houston Symphony Endowment reported income of $5.1m and spending of $4.5m, spending 88% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.2m to $5.1m (+132%), an average of +24% a year. The sharpest change came in the year to May 2023, when income rose by 66%. Over the whole period it spent 129% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Houston Symphony Endowment sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Hawaii Symphony Orchestra ($5.1m), Foundation for the Flint Cultural Center ($5.1m) and Downtown Community Television Center Inc ($5.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $86.5m against liabilities of $0, net assets of $86.5m.