Florida West Coast Symphony Inc Endowment TR

Analysis

Florida West Coast Symphony Inc Endowment TR is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in January 2003, 23 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 July 2024, Florida West Coast Symphony Inc Endowment TR reported income of $2.6m and spending of $1.7m, leaving 33% of income unspent that year. Across the 5 years on record, from July 2020 to July 2024, income grew from $454k to $2.6m (+467%), an average of +54% a year. The sharpest change came in the year to July 2021, when income rose by 614%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida West Coast Symphony Inc Endowment TR sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Vision Maker Media ($2.6m), Nucleate Bio Inc ($2.6m) and Burke Museum Association ($2.6m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 23% of the total. At year end it held assets of $35.3m against liabilities of $0, net assets of $35.3m.