The Firelands Symphony Orchestra

Analysis

The Firelands Symphony Orchestra is a registered charity in United States, based in Huron, OH. It received its IRS tax-exemption ruling in October 1992, 34 years ago. 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, The Firelands Symphony Orchestra reported income of $665k and spending of $850k, spending 128% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $708k to $665k (-6.1%), an average of -1.2% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Firelands Symphony Orchestra sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include National Conference of State Liquor Administrators ($665k), American Society of Biomechanics ($666k) and Dakota Lakes Research Farm ($665k).

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 $123k (14% of expenses). Other salaries and wages came to $120k. At year end it held assets of $948k against liabilities of $181k, net assets of $767k. It reported 8 employees.