North Ms Symphony Orchestra

Analysis

North Ms Symphony Orchestra is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in April 1973, 53 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 May 2024, North Ms Symphony Orchestra reported income of $418k and spending of $314k, leaving 25% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $376k to $418k (+11%), an average of +2.7% a year. The sharpest change came in the year to May 2022, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Ms Symphony Orchestra sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within MS. Charities of a similar size with the same main cause include DMF Youth Inc ($418k), Central Kentucky Japanese School Inc ($418k) and Carillon Beach Institute Inc ($418k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 73% and program service revenue 24% of the total. Other salaries and wages came to $29k. At year end it held assets of $284k against liabilities of $74k, net assets of $210k. It reported 2 employees.