Racine Symphony Orchestra Association Inc

Analysis

Racine Symphony Orchestra Association Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in June 1958, 68 years ago. 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, Racine Symphony Orchestra Association Inc reported income of $244k and spending of $388k, spending 159% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $241k to $244k (+1.4%), an average of +0.5% a year. The sharpest change came in the year to May 2022, when income rose by 23%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Racine Symphony Orchestra Association Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within WI. Charities of a similar size with the same main cause include Pan American Society for Clinical Virology Inc ($244k), Escambia County Sheriff Foundation Inc ($244k) and Community Alliance Housing Corporation II ($244k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $55k (14% of expenses). Other salaries and wages came to $219k. At year end it held assets of $237k against liabilities of $76k, net assets of $161k. It reported 133 employees.