The Missouri Symphony

Analysis

The Missouri Symphony is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in July 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, The Missouri Symphony reported income of $240k and spending of $527k, spending 220% of what it took in. Across the 5 years on record, from December 2019 to July 2023, income fell from $752k to $240k (-68%), an average of -25% a year. The sharpest change came in the year to July 2023, when income dropped by 46%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Missouri Symphony sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within MO. Charities of a similar size with the same main cause include Napa Valley Little League Inc ($240k), The Afit Foundation Air Force Institute of Technology ($240k) and United States Amateur Boxing Inc ($240k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $134k. At year end it held assets of $842k against liabilities of $0, net assets of $842k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.