Illinois Symphony Orchestra Inc

Analysis

Illinois Symphony Orchestra Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in March 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Illinois Symphony Orchestra Inc reported income of $1.3m and spending of $1.5m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.3m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Illinois Symphony Orchestra Inc 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 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include One Arts Inc ($1.3m), St Cecilia Music Society ($1.3m) and Southern California School Band and Orchestra Association ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $130k (8.7% of expenses). Other salaries and wages came to $695k. At year end it held assets of $1.9m against liabilities of $129k, net assets of $1.8m. It reported 228 employees.