Union Symphony Society Inc

Analysis

Union Symphony Society Inc is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in September 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 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 2023, Union Symphony Society Inc reported income of $205k and spending of $239k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $233k to $205k (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Union Symphony Society Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Santa Fe Film Institute ($205k), Oregon Mozart Players ($205k) and Sample McDougald House Preservation Society Inc ($205k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 30% of the total. Other salaries and wages came to $77k. At year end it held assets of $135k against liabilities of $1,143, net assets of $134k. It reported 2 employees.