Syracuse Symphony Foundation Inc

Analysis

Syracuse Symphony Foundation Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in January 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Syracuse Symphony Foundation Inc reported income of $264k and spending of $487k, spending 184% of what it took in. Across the 4 years on record, from August 2019 to August 2022, income grew from $231k to $264k (+14%), an average of +4.6% a year. The sharpest change came in the year to August 2022, when income rose by 28%. Over the whole period it spent 234% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Syracuse Symphony Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Inside Out Theatre Co Inc ($264k), Provincetown Tennessee Williams Theater Festival Inc ($264k) and Sarasota Music Conservatory Inc ($264k).

At year end it held assets of $12.4m against liabilities of $0, net assets of $12.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.