Dallas Chamber Symphony

Analysis

Dallas Chamber Symphony is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2012, 14 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 May 2023, Dallas Chamber Symphony reported income of $609k and spending of $607k, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $447k to $609k (+36%), an average of +8.1% a year. The sharpest change came in the year to May 2022, when income rose by 33%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dallas Chamber Symphony sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Arms Wide Open ($609k), Music in Common Inc ($610k) and Fairbanks Concert Association ($609k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $40k (6.6% of expenses). At year end it held assets of $539k against liabilities of $559k, net assets of -$21k. It reported 2 employees.