Ashland Symphony Orchestra Association

Analysis

Ashland Symphony Orchestra Association is a registered charity in United States, based in Ashland, OH. It received its IRS tax-exemption ruling in November 1977, 49 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 2024, Ashland Symphony Orchestra Association reported income of $262k and spending of $270k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $273k to $262k (-4.1%), an average of -0.8% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. 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, Ashland Symphony Orchestra Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Kekahu Foundation ($262k), Beaver Island Historical Society of Michigan ($262k) and Mark Making ($262k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $45k (17% of expenses). Other salaries and wages came to $46k. At year end it held assets of $371k against liabilities of $83k, net assets of $287k. It reported 10 employees.