Des Moines Symphony Association Foundation

Analysis

Des Moines Symphony Association Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in April 1985, 41 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Des Moines Symphony Association Foundation reported income of $656k and spending of $1.1m, spending 171% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $656k (-58%), an average of -19% a year. The sharpest change came in the year to June 2022, when income rose by 433%. Over the whole period it spent 29% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Des Moines Symphony Association Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include New Jersey Library Association ($656k), Elyria Catholic High School Educational Endowment Foundation ($656k) and Houston County Fair and Youth Livestock Show Inc ($656k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $18.0m against liabilities of $554k, net assets of $17.4m.