Madison Symphony Orchestra Foundation Inc

Analysis

Madison Symphony Orchestra Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in January 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Madison Symphony Orchestra Foundation Inc reported income of $2.5m and spending of $791k, leaving 68% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.5m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 405%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Symphony Orchestra Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include Center for Human Development ($2.5m), Villa Hope Incorporated ($2.5m) and Michigan Recreation and Park Association ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $23.2m against liabilities of $0, net assets of $23.2m.