Kankakee Symphony Orchestra Association

Analysis

Kankakee Symphony Orchestra Association is a registered charity in United States, based in Kankakee, IL. It received its IRS tax-exemption ruling in February 1975, 51 years ago. 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 May 2023, Kankakee Symphony Orchestra Association reported income of $144k and spending of $135k, spending 94% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $157k to $144k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to May 2020, when income rose by 120%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kankakee Symphony Orchestra Association sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Dance to Unite Inc ($144k), New York Metropolitan Breast Cancer Group Inc ($144k) and PTA California Congress of Parents Teachers & Students Inc ($144k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 41% and program service revenue 20% of the total. At year end it held assets of $927k against liabilities of $0, net assets of $927k.