Mobile Symphony Inc

Analysis

Mobile Symphony Inc is a registered charity in United States, based in Mobile, AL. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mobile Symphony Inc reported income of $2.6m and spending of $2.4m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $2.6m (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mobile Symphony 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 91st percentile within AL. Charities of a similar size with the same main cause include Red River STEM Inc ($2.6m), Louise Wells Cameron Art Museum ($2.6m) and New West Symphony Association ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $92k (3.8% of expenses). Other salaries and wages came to $694k. At year end it held assets of $1.4m against liabilities of $512k, net assets of $903k. It reported 24 employees.