Lees Summit Symphony Orchestra

Analysis

Lees Summit Symphony Orchestra is a registered charity in United States, based in Lees Summit, MO. It received its IRS tax-exemption ruling in November 2003, 23 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 2024, Lees Summit Symphony Orchestra reported income of $274k and spending of $265k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $147k to $274k (+87%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 66%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lees Summit Symphony Orchestra sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within MO. Charities of a similar size with the same main cause include Evn News Foundation ($274k), Southern Forest Heritage Museum & Research Center Inc ($274k) and Putnam County Museum Inc ($274k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 20% of the total. Other salaries and wages came to $102k. At year end it held assets of $191k against liabilities of $29k, net assets of $163k. It reported 5 employees.