Rochester Symphony Orchestra & Chorale

Analysis

Rochester Symphony Orchestra & Chorale is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in February 1997, 29 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 June 2023, Rochester Symphony Orchestra & Chorale reported income of $357k and spending of $476k, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $428k to $357k (-17%), an average of -4.4% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rochester Symphony Orchestra & Chorale sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Bossier Arts Council ($357k), Kenya Diaspora Media ($357k) and Elijah House Inc ($357k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $85k (18% of expenses). Other salaries and wages came to $50k. At year end it held assets of $310k against liabilities of $23k, net assets of $287k. It reported 7 employees.