The Kansas City Symphony Foundation

Analysis

The Kansas City Symphony Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, The Kansas City Symphony Foundation reported income of $1.0m and spending of $1.4m, spending 136% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $2.4m to $1.0m (-57%), an average of -19% a year. The sharpest change came in the year to May 2022, when income rose by 235%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Kansas City Symphony Foundation sits at the 81st percentile: it is larger than about 81% 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 Ohio Childrens Foundation ($1.0m), Wapakoneta Area Community Foundation ($1.0m) and Emerge Center Inc ($1.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.4% of the total. At year end it held assets of $39.0m against liabilities of $308k, net assets of $38.7m.