Austin Symphony Orchestra Society Inc

Analysis

Austin Symphony Orchestra Society Inc is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in March 1959, 67 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 July 2023, Austin Symphony Orchestra Society Inc reported income of $161k and spending of $189k, spending 117% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income fell from $173k to $161k (-6.5%), an average of -2.2% a year. The sharpest change came in the year to July 2021, when income dropped by 27%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Austin Symphony Orchestra Society Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Roncalli Institute Inc ($161k), Dance Continuum Inc ($161k) and Clinton Historical Society ($161k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 88% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $47k (25% of expenses). Other salaries and wages came to $2,974. At year end it held assets of $196k against liabilities of $0, net assets of $196k. It reported 4 employees.