Topeka Symphony Society

Analysis

Topeka Symphony Society is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in December 1958, 68 years ago. 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 May 2023, Topeka Symphony Society reported income of $632k and spending of $648k, spending 103% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $501k to $632k (+26%), an average of +8.1% a year. The sharpest change came in the year to May 2022, when income rose by 66%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Topeka Symphony Society sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within KS. Charities of a similar size with the same main cause include Cumberland Communities Communications Corporation ($632k), San Jose Scottish Rite Foundation ($632k) and Matthew 25 40 Heartside Inc ($632k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $115k. At year end it held assets of $2.0m against liabilities of $80k, net assets of $1.9m. It reported 4 employees.