Peoria Symphony Orchestra

Analysis

Peoria Symphony Orchestra is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in July 1956, 70 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 2023, Peoria Symphony Orchestra reported income of $1.2m and spending of $1.5m, spending 123% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.2m to $1.2m (+1.0%), an average of +0.2% a year. The sharpest change came in the year to May 2021, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peoria Symphony Orchestra sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Historic Hawaii Foundation ($1.2m), West Edge Opera ($1.2m) and Bruce Wood Dance Co Inc ($1.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $120k (8.2% of expenses). Other salaries and wages came to $716k. At year end it held assets of $4.6m against liabilities of $404k, net assets of $4.1m. It reported 174 employees.