Central Iowa Symphony Association

Analysis

Central Iowa Symphony Association is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in May 1988, 38 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 June 2024, Central Iowa Symphony Association reported income of $62k and spending of $60k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $56k to $62k (+11%), an average of +11% a year. 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, Central Iowa Symphony Association sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within IA. Charities of a similar size with the same main cause include Friends of the Tippecanoe County Public Library Inc ($62k), Otsego Endowment Foundation ($62k) and Virginia Congress of Parents and Teachers ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 21% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.