The Salina Symphony Inc

Analysis

The Salina Symphony Inc is a registered charity in United States, based in Salina, KS. It received its IRS tax-exemption ruling in September 1965, 61 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Salina Symphony Inc reported income of $741k and spending of $715k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $493k to $741k (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 28%. 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, The Salina Symphony Inc 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 76th percentile, and in the 76th percentile within KS. Charities of a similar size with the same main cause include Crosier Village of Phoenix ($741k), Horizons Greater Philadelphia Inc ($741k) and Flagler Auditorium Governing Board Inc ($741k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $95k (13% of expenses). Other salaries and wages came to $118k. At year end it held assets of $1.1m against liabilities of $64k, net assets of $1.0m. It reported 5 employees.