Ann Arbor Symphony Orchestra Inc

Analysis

Ann Arbor Symphony Orchestra Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 1966, 60 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 2023, Ann Arbor Symphony Orchestra Inc reported income of $2.0m and spending of $1.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.0m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2022, when income rose by 115%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ann Arbor Symphony Orchestra Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Shalem Healing ($2.0m), Christ Classical Academy Inc ($2.0m) and Friends Forever ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $102k (5.4% of expenses). Other salaries and wages came to $992k. At year end it held assets of $3.8m against liabilities of $351k, net assets of $3.5m. It reported 259 employees.