Huntington Symphony Orchestra Association Inc

Analysis

Huntington Symphony Orchestra Association Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in February 1975, 51 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 2024, Huntington Symphony Orchestra Association Inc reported income of $438k and spending of $511k, spending 117% of what it took in. Across the 6 years on record, from July 2019 to June 2024, income grew from $370k to $438k (+19%), an average of +3.5% a year. The sharpest change came in the year to July 2022, when income rose by 167%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Huntington Symphony Orchestra Association Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within WV. Charities of a similar size with the same main cause include Cazadero Performing Arts Family Camp ($438k), WPKN Incorporated ($438k) and West Virginia Alliance of Recovery Residences ($438k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $48k (9.3% of expenses). Other salaries and wages came to $26k. At year end it held assets of $272k against liabilities of $53k, net assets of $220k. It reported 2 employees.