Aiken Symphony Orchestra

Analysis

Aiken Symphony Orchestra is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in December 2015, 11 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, Aiken Symphony Orchestra reported income of $412k and spending of $475k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $336k to $412k (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 134%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aiken Symphony Orchestra sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Curationist Foundation Inc ($411k), Southeastern Museums Conference Inc ($412k) and LA a Schools Inc ($411k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 47% of the total. Other salaries and wages came to $58k. At year end it held assets of $303k against liabilities of $182k, net assets of $121k. It reported 3 employees.