Federal Way Symphony Orchestra

Analysis

Federal Way Symphony Orchestra is a registered charity in United States, based in Federal Way, WA. It received its IRS tax-exemption ruling in April 1983, 43 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 June 2023, Federal Way Symphony Orchestra reported income of $241k and spending of $228k, spending 94% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $201k to $241k (+20%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Federal Way Symphony Orchestra 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 58th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include Honey Pot Performance ($241k), Garland Symphony Orchestra ($241k) and American Overseas Schools Historical Society ($241k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. Other salaries and wages came to $78k. At year end it held assets of $54k against liabilities of $0, net assets of $54k. It reported 126 employees.