Lake County Symphony Orchestra

Analysis

Lake County Symphony Orchestra is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in October 2014, 12 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 December 2023, Lake County Symphony Orchestra reported income of $78k and spending of $84k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $78k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake County Symphony Orchestra sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Friends of Whitman County Library ($78k), Airdance New Mexico Inc ($78k) and Fund for the Arts of Chautauqua County Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 52% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.