Salisbury Symphony Inc

Analysis

Salisbury Symphony Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Salisbury Symphony Inc reported income of $376k and spending of $503k, spending 134% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $319k to $376k (+18%), an average of +5.6% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salisbury Symphony Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Columbus Landmarks Foundation ($376k), Ohio Alliance for Arts Education ($376k) and Wallowa Band Nez Perce Trail Interpretive Center Inc ($376k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $40k (8.0% of expenses). Other salaries and wages came to $39k. At year end it held assets of $773k against liabilities of -$2,958, net assets of $776k. It reported 2 employees.