Canton Symphony Orchestra Association

Analysis

Canton Symphony Orchestra Association is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in February 1958, 68 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, Canton Symphony Orchestra Association reported income of $1.8m and spending of $2.0m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.8m (+55%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Canton Symphony Orchestra Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Nordic Northwest ($1.8m), Maryland Humanities Council Inc ($1.8m) and Florida Theatrical Assocation Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $124k (6.1% of expenses). Other salaries and wages came to $770k. At year end it held assets of $9.0m against liabilities of $391k, net assets of $8.7m. It reported 274 employees.