Kokomo Symphonic Society Inc

Analysis

Kokomo Symphonic Society Inc is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in September 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, Kokomo Symphonic Society Inc reported income of $182k and spending of $187k, spending 103% of its income. Across the 4 years on record, from May 2021 to May 2024, income grew from $38k to $182k (+377%), an average of +68% a year. The sharpest change came in the year to May 2022, when income rose by 249%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kokomo Symphonic Society Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Friends of the Harriet Beecher Stowe House Incorporated ($182k), Blue Mountain Antique Gas and Steam Engine Assoc Inc ($182k) and Irish Outreach San Diego Inc ($182k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $40k against liabilities of $25k, net assets of $15k.