West Michigan Symphony

Analysis

West Michigan Symphony is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in November 1944, 82 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 June 2023, West Michigan Symphony reported income of $1.5m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.5m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, West Michigan Symphony sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Sedona Arts Center Inc ($1.5m), Keith Albee Performing Arts Centerinc ($1.5m) and East Tennessee Historical Society Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $111k (7.6% of expenses). Other salaries and wages came to $444k. At year end it held assets of $2.3m against liabilities of $692k, net assets of $1.6m. It reported 13 employees.