Southwest Symphony Orchestra

Analysis

Southwest Symphony Orchestra is a registered charity in United States, based in Palos Heights, IL. It received its IRS tax-exemption ruling in December 1967, 59 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 May 2024, Southwest Symphony Orchestra reported income of $143k and spending of $141k, spending 99% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $114k to $143k (+25%), an average of +12% a year. The sharpest change came in the year to May 2024, when income rose by 24%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southwest Symphony Orchestra sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Look What She Did ($143k), The African Heritage Association of St Louis Inc ($143k) and Comms Vnext ($143k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 48% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $37k (26% of expenses). At year end it held assets of $95k against liabilities of $1,496, net assets of $93k.