Space Coast Symphony Orchestra Inc

Analysis

Space Coast Symphony Orchestra Inc is a registered charity in United States, based in Cocoa, FL. It received its IRS tax-exemption ruling in April 2010, 16 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 December 2023, Space Coast Symphony Orchestra Inc reported income of $479k and spending of $502k, spending 105% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $438k to $479k (+9.4%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Space Coast Symphony Orchestra Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include The Haymarket Opera Company NFP ($479k), Coalition for African Americans in the Performing Arts Inc ($479k) and Malcolm X & Dr Betty Shabazz Memorial & Educational Center Inc ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $52k (10% of expenses). Other salaries and wages came to $1,954. It paid $1,688 in professional fundraising fees. At year end it held assets of $42k against liabilities of $52k, net assets of -$10k. It reported 1 employees.