LA Porte Symphony Orchestra Inc

Analysis

LA Porte Symphony Orchestra Inc is a registered charity in United States, based in LA Porte, IN. 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 July 2024, LA Porte Symphony Orchestra Inc reported income of $757k and spending of $543k, leaving 28% of income unspent that year. Across the 5 years on record, from July 2020 to July 2024, income grew from $219k to $757k (+246%), an average of +36% a year. The sharpest change came in the year to July 2022, when income rose by 79%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LA Porte Symphony Orchestra Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include Mentor Group Institute for Intercultural Education Inc ($757k), American Society for Apheresis ($757k) and Musical Mayhem Productions Inc ($756k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 75% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $68k (12% of expenses). Other salaries and wages came to $53k. At year end it held assets of $829k against liabilities of $2,454, net assets of $827k. It reported 5 employees.