South Bend Symphony Orchestra Association Inc

Analysis

South Bend Symphony Orchestra Association Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in November 1950, 76 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, South Bend Symphony Orchestra Association Inc reported income of $2.1m and spending of $2.3m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.1m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Bend Symphony Orchestra Association Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Alliance for Working Together Foundation ($2.1m), Gala Inc Groupo de Artistas Latinoamericanos ($2.1m) and Childrens Museum ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $139k (5.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $11.5m against liabilities of $401k, net assets of $11.1m. It reported 255 employees.