Southwest Michigan Symphony Orchestra Inc

Analysis

Southwest Michigan Symphony Orchestra Inc is a registered charity in United States, based in Saint Joseph, MI. It received its IRS tax-exemption ruling in February 1955, 71 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 (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, Southwest Michigan Symphony Orchestra Inc reported income of $379k and spending of $597k, spending 157% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $581k to $379k (-35%), an average of -10% a year. The sharpest change came in the year to May 2022, when income rose by 184%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southwest Michigan Symphony Orchestra Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Wondertrek Childrens Museum ($379k), Listening Room Inc ($379k) and Theater Reaching Young People & Schools Inc ($379k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $55k (9.2% of expenses). Other salaries and wages came to $208k. At year end it held assets of $309k against liabilities of $37k, net assets of $272k. It reported 166 employees.