Sioux City Symphony Orchestra Association

Analysis

Sioux City Symphony Orchestra Association is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in March 1949, 77 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 (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, Sioux City Symphony Orchestra Association reported income of $1.5m and spending of $1.6m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.5m (+11%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sioux City Symphony Orchestra Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include New Candlelight Productions Inc ($1.5m), Boyertown Museum of Historic Vehicles ($1.5m) and Northeast Ohio Center for Choreography ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $94k (5.9% of expenses). Other salaries and wages came to $644k. At year end it held assets of $4.6m against liabilities of $188k, net assets of $4.5m. It reported 177 employees.