Black Hills Symphony Orchestra Society Inc

Analysis

Black Hills Symphony Orchestra Society Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in January 1979, 47 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Black Hills Symphony Orchestra Society Inc reported income of $231k and spending of $201k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $252k to $231k (-8.5%), an average of -2.2% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Hills Symphony Orchestra Society Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within SD. Charities of a similar size with the same main cause include Looking for Lilith ($231k), Naples Players Endowment ($231k) and Theatre B ($231k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $56k (28% of expenses). At year end it held assets of $503k against liabilities of $9,001, net assets of $494k. It reported 2 employees.