Manitowoc Symphony Orchestra Association Inc

Analysis

Manitowoc Symphony Orchestra Association Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in November 1956, 70 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Manitowoc Symphony Orchestra Association Inc reported income of $324k and spending of $274k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $210k to $324k (+54%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manitowoc Symphony Orchestra Association Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within WI. Charities of a similar size with the same main cause include Northeast Emergency Medical Services Inc ($324k), Telacu Housing Commerce II Inc ($324k) and Life Waters ($324k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 70% of the total. Other salaries and wages came to $90k. At year end it held assets of $1.1m against liabilities of $36k, net assets of $1.1m. It reported 3 employees.