Northwest Indiana Symphony Society Inc

Analysis

Northwest Indiana Symphony Society Inc is a registered charity in United States, based in Munster, IN. It received its IRS tax-exemption ruling in August 1944, 82 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, Northwest Indiana Symphony Society Inc reported income of $771k and spending of $956k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $771k (-34%), an average of -9.7% a year. The sharpest change came in the year to June 2022, when income rose by 136%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northwest Indiana Symphony Society Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include American Association for Aerosol Research Inc ($771k), Headwaters Science Institute ($772k) and Players Circle Arts Center ($771k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $42k (4.4% of expenses). Other salaries and wages came to $472k. At year end it held assets of $724k against liabilities of $107k, net assets of $618k. It reported 139 employees.