Fredericksburg Symphony Orchestra

Analysis

Fredericksburg Symphony Orchestra is a registered charity in United States, based in Spotsylvania, VA. It received its IRS tax-exemption ruling in November 2021, 5 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, Fredericksburg Symphony Orchestra reported income of $352k and spending of $318k, spending 90% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $232k to $352k (+52%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 52%. 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, Fredericksburg Symphony Orchestra sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include National Association of Black Storytellers Inc ($352k), Campton Historic Agricultural Lands ($352k) and Dakshini Bengali Association of California ($352k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $30k (9.5% of expenses). Other salaries and wages came to $8,667. At year end it held assets of $44k against liabilities of $1,435, net assets of $43k. It reported 2 employees.