Knights of the Symphony

Analysis

Knights of the Symphony is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2003, 23 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 2024, Knights of the Symphony reported income of $121k and spending of $135k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income grew from $81k to $121k (+50%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 119%. 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, Knights of the Symphony sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Dakota City Heritage Village Inc ($120k), Calidanza Dance Company ($121k) and Concord Chamber Music Society Inc ($120k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 0.9% and program service revenue 2.9% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.