Springfield Symphony Orchestra Inc

Analysis

Springfield Symphony Orchestra Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in September 1963, 63 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, Springfield Symphony Orchestra Inc reported income of $972k and spending of $1.0m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $972k (-32%), an average of -9.2% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Springfield Symphony Orchestra Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within MO. Charities of a similar size with the same main cause include Isabella Community Soup Kitchen ($972k), Montgomery House Inc ($972k) and Marin Mountain School ($972k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $71k (7.0% of expenses). Other salaries and wages came to $232k. At year end it held assets of $3.1m against liabilities of $188k, net assets of $3.0m. It reported 13 employees.