Lafayette Symphony Incorporated

Analysis

Lafayette Symphony Incorporated is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in October 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, Lafayette Symphony Incorporated reported income of $503k and spending of $530k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $539k to $503k (-6.7%), an average of -1.7% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lafayette Symphony Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include Rock Ford Foundation ($503k), Pasadena Art Alliance ($503k) and Westwood Media Center Inc ($503k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Other salaries and wages came to $309k. At year end it held assets of $3.5m against liabilities of $64k, net assets of $3.4m. It reported 106 employees.