Lansing Symphony Association Inc

Analysis

Lansing Symphony Association Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in April 1945, 81 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lansing Symphony Association Inc reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.3m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 127%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lansing Symphony Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Kurt Vonnegut Memorial Library Inc ($1.3m), Museum of Innovation and Science ($1.3m) and Holocaust Museum & Education Center of SWFL ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $110k (8.3% of expenses). Other salaries and wages came to $586k. At year end it held assets of $1.4m against liabilities of $97k, net assets of $1.3m. It reported 223 employees.