Wayzata Symphony Orchestra

Analysis

Wayzata Symphony Orchestra is a registered charity in United States, based in Wayzata, MN. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Wayzata Symphony Orchestra reported income of $53k and spending of $56k, spending 106% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $111k to $53k (-52%), an average of -52% a year. The sharpest change came in the year to July 2023, when income dropped by 52%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wayzata Symphony Orchestra sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include Melodia Womens Choir of NYC Inc ($53k), World Spine Care ($53k) and Weperform Org ($53k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 84% and program service revenue 3.3% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.