Wichita Symphony Society Inc

Analysis

Wichita Symphony Society Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in August 1956, 70 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, Wichita Symphony Society Inc reported income of $3.2m and spending of $2.5m, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $3.2m (+39%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wichita Symphony Society Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KS. Charities of a similar size with the same main cause include Falun Dafa Association of Atlanta ($3.2m), Ballet Idaho Inc ($3.2m) and The Biomimicry Institute ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $116k (4.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $9.9m against liabilities of $537k, net assets of $9.4m. It reported 46 employees.