Westerville Symphony at Otterbein University

Analysis

Westerville Symphony at Otterbein University is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in August 1983, 43 years ago. 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 June 2024, Westerville Symphony at Otterbein University reported income of $257k and spending of $193k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $120k to $257k (+114%), an average of +21% a year. The sharpest change came in the year to June 2024, when income rose by 50%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westerville Symphony at Otterbein University sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Los Angeles Jazz Society ($257k), Virginia Congress of Parents and Teachers ($257k) and Methodist Retirement Homes of Kentucky Inc ($257k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% of the total. Compensation of current officers, directors and key employees was $43k (22% of expenses). Other salaries and wages came to $25k. At year end it held assets of $105k against liabilities of $6,113, net assets of $99k. It reported 2 employees.