South Dakota Symphony Orchestra

Analysis

South Dakota Symphony Orchestra is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in June 1967, 59 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 2023, South Dakota Symphony Orchestra reported income of $4.0m and spending of $2.5m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $4.0m (+77%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Dakota Symphony Orchestra sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within SD. Charities of a similar size with the same main cause include Anchorage Concert Association Inc ($4.0m), Zoras House Inc ($4.0m) and Waterville Creates ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $145k (5.7% of expenses). Other salaries and wages came to $906k. It paid $1,000 in professional fundraising fees. At year end it held assets of $5.4m against liabilities of $348k, net assets of $5.0m. It reported 185 employees.