Sheboygan Symphony Orchestra Inc

Analysis

Sheboygan Symphony Orchestra Inc is a registered charity in United States, based in Sheboygan, WI. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sheboygan Symphony Orchestra Inc reported income of $328k and spending of $415k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $504k to $328k (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 179%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sheboygan Symphony Orchestra Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within WI. Charities of a similar size with the same main cause include Museum Village Inc ($328k), Rocky Mountain Quilt Museum ($328k) and Castle of Our Skins Inc ($327k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $48k (12% of expenses). Other salaries and wages came to $84k. At year end it held assets of $652k against liabilities of $8,409, net assets of $644k. It reported 9 employees.