Kalamazoo Junior Symphony Society

Analysis

Kalamazoo Junior Symphony Society is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in February 1951, 75 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 May 2023, Kalamazoo Junior Symphony Society reported income of $609k and spending of $543k, spending 89% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $596k to $609k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to May 2023, when income rose by 176%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kalamazoo Junior Symphony Society sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Joseph J and Marie P Schedel Foundation ($609k), Sea Level Montessori Inc ($609k) and Henderson Memorial Public Library ($609k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 55% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $58k (11% of expenses). Other salaries and wages came to $74k. At year end it held assets of $778k against liabilities of $78k, net assets of $700k. It reported 11 employees.