Georgia Symphony Orchestra

Analysis

Georgia Symphony Orchestra is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in April 1969, 57 years ago. 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, Georgia Symphony Orchestra reported income of $670k and spending of $909k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $590k to $670k (+14%), an average of +3.2% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgia Symphony Orchestra sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Cambridge Area Young Mens Christian ($670k), Davids House ($670k) and Chromosome 18 Registry and Research Society ($670k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $6,600 (0.7% of expenses). Other salaries and wages came to $237k. At year end it held assets of $474k against liabilities of $572k, net assets of -$98k. It reported 10 employees.