Longview Symphony League

Analysis

Longview Symphony League is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in September 1970, 56 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 May 2023, Longview Symphony League reported income of $351k and spending of $365k, spending 104% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $563k to $351k (-38%), an average of -11% a year. The sharpest change came in the year to May 2020, when income dropped by 56%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Longview Symphony League sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Atlanta Jewish Music Festival ($351k), Reading Public Library Foundation Inc ($351k) and Winner Pix Theater Inc ($351k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 65% and program service revenue 29% of the total. Other salaries and wages came to $53k. At year end it held assets of $8,136 against liabilities of -$10k, net assets of $18k. It reported 2 employees.