Springfield Symphony Foundation

Analysis

Springfield Symphony Foundation is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in January 1975, 51 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Springfield Symphony Foundation reported income of $109k and spending of $170k, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $238k to $109k (-54%), an average of -18% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 84% 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 Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within OH. Charities of a similar size with the same main cause include Stillwood Study Center ($109k), International Society of Differentiation Inc ($109k) and Alliance for Local Economic Prosperity ($109k).

At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.