Rockford Symphony Orchestra Foundation

Analysis

Rockford Symphony Orchestra Foundation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Rockford Symphony Orchestra Foundation reported income of $143k and spending of $121k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $93k to $143k (+54%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rockford Symphony Orchestra Foundation sits at the 51st percentile: it is larger than about 51% 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 American Friends of Naclas Zvi ($143k), Lotus School Foundation Inc ($143k) and Hope and Mission Inc ($143k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% of the total. At year end it held assets of $2.6m against liabilities of $16k, net assets of $2.6m.