The Central Ohio Symphony Inc

Analysis

The Central Ohio Symphony Inc is a registered charity in United States, based in Delaware, OH. It received its IRS tax-exemption ruling in July 1981, 45 years ago. 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 July 2023, The Central Ohio Symphony Inc reported income of $239k and spending of $262k, spending 110% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $224k to $239k (+6.8%), an average of +1.6% a year. The sharpest change came in the year to July 2022, when income rose by 22%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Central Ohio Symphony Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include San Ramon Bears Youth Football Inc ($239k), Newark Catholic High School Foundation ($239k) and Hutchinson Youth Basketball Association ($239k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 62% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $50k (19% of expenses). Other salaries and wages came to $107k. At year end it held assets of $425k against liabilities of $20k, net assets of $405k. It reported 103 employees.