Annapolis Symphony Orchestra Association Inc

Analysis

Annapolis Symphony Orchestra Association Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in February 1969, 57 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 June 2023, Annapolis Symphony Orchestra Association Inc reported income of $2.7m and spending of $3.8m, spending 145% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $2.7m (+14%), an average of +4.4% a year. The sharpest change came in the year to June 2021, when income rose by 121%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Annapolis Symphony Orchestra Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Computer Using Educators Inc ($2.7m), Sankofa Community Development Corporation ($2.7m) and San Francisco Chanticleer Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $197k (5.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.5m against liabilities of $267k, net assets of $4.2m. It reported 259 employees.