Spokane Symphony Associates

Analysis

Spokane Symphony Associates is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in February 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Spokane Symphony Associates reported income of $500k and spending of $481k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $507k to $500k (-1.4%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spokane Symphony Associates sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Chico Theater Company Inc ($500k), Tu Bi Buddhist Temple ($500k) and Friends of Oxmoor Foundation Inc ($500k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% of the total. Other salaries and wages came to $18k. At year end it held assets of $145k against liabilities of $45k, net assets of $100k.