Wartburg Community Symphony Association Inc

Analysis

Wartburg Community Symphony Association Inc is a registered charity in United States, based in Waverly, IA. It received its IRS tax-exemption ruling in June 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Wartburg Community Symphony Association Inc reported income of $121k and spending of $90k, leaving 25% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income grew from $77k to $121k (+57%), an average of +56% a year. The sharpest change came in the year to July 2024, when income rose by 57%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wartburg Community Symphony Association Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within IA. Charities of a similar size with the same main cause include Tryon Concert Association Inc ($121k), Wayward Artist Inc ($121k) and Parker County Fine Arts Association ($121k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.