Elmhurst Symphony Association Inc

Analysis

Elmhurst Symphony Association Inc is a registered charity in United States, based in Elmhurst, IL. It received its IRS tax-exemption ruling in June 1974, 52 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, Elmhurst Symphony Association Inc reported income of $258k and spending of $315k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $370k to $258k (-30%), an average of -8.6% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elmhurst Symphony Association Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Sound Salon ($258k), Stilwell Heritage and Educational Foundation ($258k) and Cunneen Hackett Cultural Center Inc ($258k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 27% of the total. Other salaries and wages came to $71k. At year end it held assets of $550k against liabilities of $68k, net assets of $482k. It reported 3 employees.