Danville Symphony Orchestra Inc

Analysis

Danville Symphony Orchestra Inc is a registered charity in United States, based in Danville, IL. It received its IRS tax-exemption ruling in June 2024, 2 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2020, Danville Symphony Orchestra Inc reported income of $240k and spending of $203k, spending 85% of its income. Across the 2 years on record, from June 2019 to June 2020, income fell from $383k to $240k (-37%), an average of -38% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Danville Symphony Orchestra Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Crawford County Historical Society ($240k), Macon Pops Inc ($240k) and Friends of the Choral Society Inc ($240k).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 64% and program service revenue 34% of the total. Other salaries and wages came to $37k. At year end it held assets of $106k against liabilities of $18k, net assets of $88k. It reported 5 employees.