Altoona Symphony Society Inc

Analysis

Altoona Symphony Society Inc is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in March 1976, 50 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, Altoona Symphony Society Inc reported income of $401k and spending of $432k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $511k to $401k (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Altoona Symphony Society 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 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Alliance Francaise de Sacramento ($401k), New Brunswick Cultural Center Inc ($401k) and Tenth Muse Films Inc ($401k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $89k (21% of expenses). Other salaries and wages came to $54k. At year end it held assets of $685k against liabilities of $23k, net assets of $662k. It reported 4 employees.