Detroit Symphony Orchestra Endowment Trust Fund II

Analysis

Detroit Symphony Orchestra Endowment Trust Fund II is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 1985, 41 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Detroit Symphony Orchestra Endowment Trust Fund II reported income of $64k and spending of $117k, spending 182% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $16k to $64k (+297%), an average of +41% a year. The sharpest change came in the year to August 2020, when income rose by 378%. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Detroit Symphony Orchestra Endowment Trust Fund II sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within MI. Charities of a similar size with the same main cause include Inn Ministry Inc ($64k), The Transportation Alliance Foundation ($64k) and Misd Foundation for Excellence Inc ($64k).

At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.