Bloomington Symphony Orchestra Association Inc

Analysis

Bloomington Symphony Orchestra Association Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in August 1982, 44 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 2024, Bloomington Symphony Orchestra Association Inc reported income of $120k and spending of $116k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $135k to $120k (-11%), an average of -11% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bloomington Symphony Orchestra Association Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include Christian Assembly ($120k), Ramsey Junior Football Association Inc ($120k) and Dearborn Fire Fighters Burn Drive ($120k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 18% of the total. At year end it held assets of $457k against liabilities of $2,172, net assets of $455k.