Butte Symphony Association

Analysis

Butte Symphony Association is a registered charity in United States, based in Butte, MT. It received its IRS tax-exemption ruling in June 1975, 51 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 May 2024, Butte Symphony Association reported income of $340k and spending of $172k, leaving 49% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $193k to $340k (+77%), an average of +15% a year. The sharpest change came in the year to May 2021, when income rose by 68%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Butte Symphony Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MT. Charities of a similar size with the same main cause include Eagle Creek Recovery Center Inc ($340k), Community Veterinary Center ($340k) and Los Angeles Police Reserve Foundation ($340k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 44% and program service revenue 12% of the total. Other salaries and wages came to $39k. At year end it held assets of $1.2m against liabilities of $4,476, net assets of $1.2m. It reported 1 employees.