Columbus Symphony Orchestra Inc

Analysis

Columbus Symphony Orchestra Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 1952, 74 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 August 2023, Columbus Symphony Orchestra Inc reported income of $14.0m and spending of $10.7m, leaving 23% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.8m to $14.0m (+60%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 138%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Columbus Symphony Orchestra Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Etv Endowment of South Carolina Inc ($14.0m), American Academy of Arts and Sciences ($14.0m) and American Economic Association Inc ($14.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $49.0m against liabilities of $1.7m, net assets of $47.3m. It reported 242 employees.