Symphony Orchestra of Northwest Arkansas

Analysis

Symphony Orchestra of Northwest Arkansas is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in April 1977, 49 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 June 2023, Symphony Orchestra of Northwest Arkansas reported income of $1.4m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.4m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 118%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Symphony Orchestra of Northwest Arkansas sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within AR. Charities of a similar size with the same main cause include Merrie Monarch Festival ($1.4m), Kaneko ($1.4m) and Devils Youth Foundation Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Other salaries and wages came to $747k. At year end it held assets of $2.0m against liabilities of $290k, net assets of $1.8m. It reported 200 employees.