Springfield Symphony Orchestra Association

Analysis

Springfield Symphony Orchestra Association is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in September 1945, 81 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 June 2023, Springfield Symphony Orchestra Association reported income of $1.1m and spending of $1.2m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $866k to $1.1m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Springfield Symphony Orchestra Association sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Santa Fe Pro Musica Inc ($1.1m), Mindleaps ($1.1m) and Detroit Chamber Winds ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $65k (5.4% of expenses). Other salaries and wages came to $467k. At year end it held assets of $369k against liabilities of $102k, net assets of $267k. It reported 186 employees.