Waterloo Cedar Falls Symphony Orchestra Association

Analysis

Waterloo Cedar Falls Symphony Orchestra Association is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in March 1971, 55 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 2024, Waterloo Cedar Falls Symphony Orchestra Association reported income of $697k and spending of $800k, spending 115% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $421k to $697k (+66%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waterloo Cedar Falls Symphony Orchestra Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within IA. Charities of a similar size with the same main cause include Literacy Alliance of Northeast Florida Inc ($697k), Headliners Foundation of Texas ($697k) and University Aviation Association ($697k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $99k (12% of expenses). Other salaries and wages came to $340k. At year end it held assets of $825k against liabilities of $26k, net assets of $799k. It reported 12 employees.