Champaign-Urbana Symphony

Analysis

Champaign-Urbana Symphony is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in August 1964, 62 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, Champaign-Urbana Symphony reported income of $399k and spending of $377k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $405k to $399k (-1.6%), an average of -0.4% a year. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Champaign-Urbana Symphony sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include LA Casita Bilingue Montessori School ($398k), Substance Abuse Free Environment ($399k) and Chinook Aquatic Club ($398k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $70k (19% of expenses). Other salaries and wages came to $29k. At year end it held assets of $718k against liabilities of $5,879, net assets of $712k. It reported 3 employees.