Saginaw Bay Symphony Orchestra

Analysis

Saginaw Bay Symphony Orchestra is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in March 1953, 73 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 2024, Saginaw Bay Symphony Orchestra reported income of $461k and spending of $527k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $400k to $461k (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saginaw Bay Symphony Orchestra sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Los Gatos Public Media Inc ($461k), River Arts of Morrisville Inc ($461k) and Shipyard Studios ($461k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $64k (12% of expenses). Other salaries and wages came to $42k. At year end it held assets of $1.1m against liabilities of $70k, net assets of $985k. It reported 7 employees.