Ottumwa Symophony Orchestra Foundation

Analysis

Ottumwa Symophony Orchestra Foundation is a registered charity in United States, based in Ottumwa, IA. It received its IRS tax-exemption ruling in October 1989, 37 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 2023, Ottumwa Symophony Orchestra Foundation reported income of $131k and spending of $151k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $91k to $131k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 355%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ottumwa Symophony Orchestra Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within IA. Charities of a similar size with the same main cause include Middletown-Fallcreek Township Emergency Service Inc ($131k), The Friends of the Garland County Library of Hotsprings Arkansas Inc ($131k) and Paso Robles Co-Op Preschool Inc ($131k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $8,640 (5.7% of expenses). At year end it held assets of $413k against liabilities of $0, net assets of $413k.