Bloomington Symphony Orchestra Inc

Analysis

Bloomington Symphony Orchestra Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in January 1971, 55 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, Bloomington Symphony Orchestra Inc reported income of $108k and spending of $88k, spending 82% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $71k to $108k (+51%), an average of +23% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bloomington Symphony Orchestra Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within IN. Charities of a similar size with the same main cause include Norwich Historical Society Inc ($108k), Alliance-Francaise of the Lakechamplain Region ($108k) and Hardin County Armory Restoration Foundation ($108k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 28% of the total. At year end it held assets of $129k against liabilities of $9,269, net assets of $120k.