Kansas City Symphony

Analysis

Kansas City Symphony is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in August 1983, 43 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, Kansas City Symphony reported income of $20.0m and spending of $21.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.7m to $20.0m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kansas City Symphony sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include San Francisco Special Events Committee ($19.9m), Legacy Foundation ($20.1m) and Gilcrease Museum Management Trust ($19.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $1.2m (5.6% of expenses). Other salaries and wages came to $9.2m. It paid $132k in professional fundraising fees. At year end it held assets of $84.2m against liabilities of $9.0m, net assets of $75.2m. It reported 369 employees.