Albany Symphony Association Inc

Analysis

Albany Symphony Association Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in September 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, Albany Symphony Association Inc reported income of $386k and spending of $412k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $238k to $386k (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albany Symphony Association 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 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Lake Theatre Productions ($386k), Saugus Community Television Inc ($386k) and Houston Boychoir Inc ($386k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Other salaries and wages came to $100k. At year end it held assets of $261k against liabilities of $10k, net assets of $251k. It reported 2 employees.