Livonia Symphony Society Inc

Analysis

Livonia Symphony Society Inc is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in December 1976, 50 years ago. 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 2024, Livonia Symphony Society Inc reported income of $332k and spending of $156k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $210k to $332k (+58%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 137%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Livonia Symphony Society Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Marthas Vineyard Mediation Program ($332k), Grace Community Center Inc ($332k) and Gina McReynolds Foundation ($332k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $33k. At year end it held assets of $514k against liabilities of $1,205, net assets of $513k. It reported 1 employees.