Lima Symphony Orchestra Endowment TR 03-17-89

Analysis

Lima Symphony Orchestra Endowment TR 03-17-89 is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in July 2019, 7 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 (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lima Symphony Orchestra Endowment TR 03-17-89 reported income of $243k and spending of $94k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $243k (+204%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 645%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lima Symphony Orchestra Endowment TR 03-17-89 sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include Hampton Theatre Company Inc ($243k), Puerto Rico Public and Applied Social Sciences Workshop Inc ($243k) and Sierra Music & Arts Institute ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.