Dubuque Symphony Orchestra

Analysis

Dubuque Symphony Orchestra is a registered charity in United States, based in Dubuque, IA. It received its IRS tax-exemption ruling in December 1962, 64 years ago. 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, Dubuque Symphony Orchestra reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $995k to $1.2m (+20%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dubuque Symphony Orchestra sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Parsippany Soccer Club Inc ($1.2m), The Phoenix School Inc ($1.2m) and Riding Emphasizing Individual Needs and Strengths ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $101k (7.9% of expenses). Other salaries and wages came to $502k. It paid $70k in professional fundraising fees. At year end it held assets of $3.6m against liabilities of $175k, net assets of $3.4m. It reported 188 employees.