Beloit Janesville Symphony Orchestra Inc

Analysis

Beloit Janesville Symphony Orchestra Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in September 2016, 10 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, Beloit Janesville Symphony Orchestra Inc reported income of $194k and spending of $203k, spending 105% of its income. Across the 3 years on record, from May 2019 to May 2023, income fell from $234k to $194k (-17%), an average of -8.9% a year. The sharpest change came in the year to May 2022, when income dropped by 33%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beloit Janesville Symphony Orchestra Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within WI. Charities of a similar size with the same main cause include Philippine-American Friendship Community Inc ($194k), Museum of Art and Digital Entertainment ($194k) and Rourke Art Gallery Museum ($194k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 70% and program service revenue 25% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.