Detroit Symphony Orchestra Endowment Trust Fund

Analysis

Detroit Symphony Orchestra Endowment Trust Fund is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Detroit Symphony Orchestra Endowment Trust Fund reported income of $121k and spending of $95k, leaving 22% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $34k to $121k (+251%), an average of +37% a year. The sharpest change came in the year to August 2020, when income rose by 251%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Detroit Symphony Orchestra Endowment Trust Fund sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Marshall County Historical Society Inc ($121k), On the Isle Corporation ($121k) and Scituate Historical Society ($121k).

At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.