Heartland Symphony Orchestra

Analysis

Heartland Symphony Orchestra is a registered charity in United States, based in Little Falls, MN. It received its IRS tax-exemption ruling in October 1979, 47 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 June 2023, Heartland Symphony Orchestra reported income of $75k and spending of $75k, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $48k to $75k (+56%), an average of +56% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heartland Symphony Orchestra sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Study-Retreat Associates of Rolling Ridge Incorporated ($75k), PTA Pennsylvania Congress ($75k) and Los Serenos de Point Vicente Inc ($75k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.