Quincy Symphony Orchestra

Analysis

Quincy Symphony Orchestra is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in January 1953, 73 years ago. 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, Quincy Symphony Orchestra reported income of $392k and spending of $343k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $313k to $392k (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quincy Symphony Orchestra 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 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Good Shepherd Manor Housing Corporation ($392k), Community Action for Capable Youth of Mansfield Ohio Inc ($392k) and Brahma Premananda Ashrama ($392k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $69k (20% of expenses). Other salaries and wages came to $98k. At year end it held assets of $496k against liabilities of $5,713, net assets of $491k. It reported 36 employees.