Fairbanks Symphony Assoc Inc

Analysis

Fairbanks Symphony Assoc Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in December 1972, 54 years ago. 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, Fairbanks Symphony Assoc Inc reported income of $510k and spending of $406k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $580k to $510k (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairbanks Symphony Assoc Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within AK. Charities of a similar size with the same main cause include Bill Graham Supporting Foundation ($510k), The Auxiliary of the Alamance Regional Medical Center Inc ($510k) and The National Leadership Foundation ($510k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $70k (17% of expenses). Other salaries and wages came to $85k. At year end it held assets of $2.3m against liabilities of $300, net assets of $2.3m. It reported 18 employees.